Welfare economics is the field of study that examines how:
A)the government develops monetary policies
B)poor people are given money for food and rent
C)banks are offered bailout in the case of mortgage defaults
D)the allocation of resources impacts economic well-being

Question

Quizplus · Accepted Answer

Welfare economics is the field of study that examines how the allocation of resources impacts economic well-being.
Key Takeaway: Welfare economics makes certain that buyers and sellers both benefit from participation in the market. The equilibrium in the market makes sure that they derive maximum benefit which safeguards their economic well-being.

Welfare Economics Is the Field of Study That Examines How