The benevolent social planner wants to extract the ________ the limited resources we have been given, and her objective is to ________ the size of the economic pie.
A) greatest amount of happiness from; minimize
B) greatest amount of happiness from; maximize
C) least productive of; minimize
D) least productive of; maximize

Question

Quizplus · Accepted Answer

The correct answer is B) greatest amount of happiness from; maximize because a benevolent social planner aims to use resources in a way that maximizes happiness and the overall size of the economy, rather than minimizing it or focusing on the least productive resources.

The Benevolent Social Planner Wants to Extract the ________ the Limited