Multiple Choice
Which among the following is NOT a correct statement?
A) Welfare economics is based on value judgments.
B) Welfare economics is also called 'economics with a heart'.
C) Welfare economics focuses on questions about equity as well as efficiency.
D) The founder of Welfare economics was Alfred Marshall.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: If a brother and sister return home
Q12: The necessary condition for allocative efficiency is
Q13: Bergson's name is associated with<br>A)Social welfare function<br>B)Pareto
Q14: A famous welfare economics book called, "Economics
Q15: A situation in which it is impossible
Q17: In Pareto welfare economics, Efficiency of distribution
Q18: In Pareto welfare economics, Efficiency of the
Q19: Welfare is improved when 'the greatest good
Q20: According to AC Pigou, any reorganization of
Q21: When the allocation of resources is Pareto