Each of the following statements is true regarding the social welfare function EXCEPT:
A) it summarizes judgments about resource allocations.
B) it assigns a number that indicates the overall level of social welfare.
C) it was pioneered by Abram Bergson and Paul Samuelson.
D) it is generally viewed as very weak economic theory.

Question

Quizplus · Accepted Answer

While the other three statements are true, it is not accurate to say that the social welfare function is generally viewed as very weak economic theory. In fact, the social welfare function is a widely used tool in economics for analyzing and evaluating public policies.

Each of the Following Statements Is True Regarding the Social