The normative approach to public finance prescribes certain actions to achieve predetermined criteria.
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Q15: If the marginal social cost of beer
Q16: Efficiency is attained when resources are used
Q17: If it is not possible to make
Q18: Points lying below a utility possibility curve
Q19: Efficient outcomes are often viewed as inequitable.
Q21: Positive economics is:
A)an equity-based approach in which
Q22: If efficiency has been attained,
A)it will be
Q23: Points on a utility possibility curve represent:
A)a
Q24: Pareto efficiency between two consumers is achieved:
A)only
Q25: If the marginal social benefit of a
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