Welfare economics is the study of:
A)how the allocation of resources affects economic wellbeing
B)why poor people have low incomes
C)the social welfare program adopted by the government
D)how charities deliver welfare to the needy

Question

Quizplus · Accepted Answer

Welfare economics is concerned with how the allocation of resources affects economic wellbeing. It is focused on analyzing and evaluating different economic systems and policies to determine how they impact individuals and society as a whole. It is not primarily concerned with the reasons why poor people have low incomes or specific social welfare programs or charities.

Welfare Economics Is the Study Of