Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Which economist is associated with the development of the Kaldor-Hicks Compensation Criterion, an improvement on Pareto Efficiency, and in which year?

1
Alfred Marshall, 1920
2
Nicholas Kaldor, 1939
3
John Hicks, 1946
4
Vilfredo Pareto, 1906
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