When economic analysis takes place within the context of maximizing a social welfare function, the conclusion always is _____.
a. that income should be completely redistributed
b. that income should not be redistributed at all
c. that some level of redistribution is optimal
d. that income redistribution has no relations to maximizing social welfare
Question 2
A consumer could screen the quality of a pizza joint by
A) asking friends.
B) using online rating sites.
C) watching the chef prepare the pizza.
D) All of the above.
Vienna: Social Structure and Social Interaction
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Sketch the graph of each function using transformations. State the domain and range.
economic question