Which of the following is NOT a common criticism of the focus on economic efficiency as a measure of welfare?
A)A situation can be economically efficient but also considered to be unfair.
B)Economic efficiency is based only on results and not on process.
C)Using monetary values for measurements ignores feelings and perceptions.
D)The assumption that willingness to pay measures marginal benefit ignores ability to pay.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is NOT a common criticism of the focus on economic efficiency as a measure of welfare?
A)A situation can be economically efficient but also considered to be unfair.
B)Economic efficiency is based only on results and not on process.
C)Using monetary values for measurements ignores feelings and perceptions.
D)The assumption that willingness to pay measures marginal benefit ignores ability to pay.

Which of the Following Is NOT a Common Criticism of the Focus