Welfare economics reflects
A) society's ethical standards.
B) economic analysis based on facts.
C) society's ethical standards and economic analysis based on facts.
D) value-free observations on economic relationships.
E) subjective values.

Question

Quizplus · Accepted Answer

Welfare economics takes into consideration both society's ethical standards and economic analysis based on facts. It seeks to evaluate how economic policies and actions affect the overall well-being of society.

Welfare Economics Reflects