Author Question: When economic analysis takes place within the context of maximizing a social welfare function, the ... (Read 85 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
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.



olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

c

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

For a complete list of videos, visit our video library