A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2017 · Q31 Mark
In a two-person economy, X has an income of $100, whereas Y has an income of $50. According to the Pareto criterion, which income change would constitute a definite increase in the economic welfare?
- (a)In a two-person economy, X has an income of $100, whereas Y has an income of $50. According to the Pareto criterion, which income change would constitute a definite increase in the economic welfare? X's income () Y's income () A 75 75 B 85 70 C 95 100 D 130 50[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] Answer: D
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