Welfare economics is the study of how the allocation of resources affects economic well-being.
A)the allocation of resources affects economic well-being.
B)price controls work.
C)the government helps poor people.
D)to produce greater equality.

Question

Welfare economics is the study of how​ the allocation of resources affects economic well-being.
A)​the allocation of resources affects economic well-being.
B)​price controls work.
C)​the government helps poor people.
D)​to produce greater equality.

Quizplus · Accepted Answer

Welfare economics studies how the allocation of resources affects economic well-being, which includes factors such as the distribution of income and wealth, the efficiency of resource allocation, and the overall standard of living. Price controls and government assistance for the poor may be studied as part of welfare economics, but they are not the main focus. The ultimate goal of welfare economics is not necessarily to produce greater equality, but rather to maximize overall economic well-being.

Welfare Economics Is the Study of How​ the Allocation of Resources

Welfare Economics Is the Study of How the Allocation of Resources