Multiple Choice
Each of the following statements is true regarding the social welfare function EXCEPT:
A) it summarizes judgments about resource allocations.
B) it assigns a number that indicates the overall level of social welfare.
C) it was pioneered by Abram Bergson and Paul Samuelson.
D) it is generally viewed as very weak economic theory.
Correct Answer:
Verified
Correct Answer:
Verified
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