
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 11
Determine whether each of the following is true or false. a. The chance to see a musical is an example of a capability.
B) The freedom to practice religion is not a capability because it is not directly related to economic development.
C) Economists will make the same conclusions and recommendations using the utility-maximization approach as they will using the capabilities approach.
D) The capabilities approach works better for analyzing what's best for society, while the utility-maximization approach works better for analyzing what's best for an individual.
B) The freedom to practice religion is not a capability because it is not directly related to economic development.
C) Economists will make the same conclusions and recommendations using the utility-maximization approach as they will using the capabilities approach.
D) The capabilities approach works better for analyzing what's best for society, while the utility-maximization approach works better for analyzing what's best for an individual.
Explanation
Capabilities refer to power or ability t...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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