What name is given to the study of how the allocation of resources affects economic well-being
A)consumer economics
B)managerial economics
C)welfare economics
D)supply-side economics

Question

Quizplus · Accepted Answer

The name given to the study of how the allocation of resources affects economic well-being is welfare economics. Consumer economics is a narrower field that focuses on how consumers make decisions about spending and saving, while managerial economics looks at how businesses make decisions about production and pricing. Supply-side economics is a school of thought that emphasizes low taxes and deregulation as a means of promoting economic growth.

What Name Is Given to the Study of How the Allocation