Welfare economics is the study of
A)how the allocation of resources affects economic well-being.
B)how technology is best put to use in the production of goods and services.
C)government welfare programs for needy people.
D)taxes and subsidies.

Question

Quizplus · Accepted Answer

Welfare economics focuses on how the allocation of resources affects economic well-being, including the distribution of income and the provision of public goods. It does not focus on technology, welfare programs, taxes or subsidies.

Welfare Economics Is the Study of