Taking into account the utility of all persons in society is referred to as

A. an utilitarian social welfare function.
B. equalizing social welfare function.
C. an in-kind transfer.
D. a Pareto equilibrium.


A. an utilitarian social welfare function.

Economics

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Entrepreneurs are usually found in smaller firms

Indicate whether the statement is true or false

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As the interest rate increases, the velocity of money will increase as well

a. True b. False Indicate whether the statement is true or false

Economics

If Canada is growing too rapidly, and at the same time is agreeing to work toward reducing its trade surplus, Canada could forsake:

A. none of its international commitments. B. its domestic goal but not its international commitment. C. none of its domestic goals. D. its domestic goal and its international commitment simultaneously.

Economics

What are the characteristics of oligopoly?

What will be an ideal response?

Economics