Which of the following statements about the social welfare function is not true?
a. It can be thought of as a set of indifference curves that depict the wealth of the entire society.
b. It does not employ interpersonal utility comparisons.
c. It is one possible method for evaluating the public interest/
d. It allows for the rankings of possible outcomes.
b
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Shortly after World War II (1941–45) and the price controls ended,
(a) unemployment levels returned to those levels experienced during the Great Depression. (b) unemployment levels returned to their full employment levels. (c) unemployment dipped sharply and inflation surged. (d) unemployment rates increased and deflation emerged.
Unexpected inflation harms both debtors and individuals who live on fixed incomes
a. True b. False Indicate whether the statement is true or false
How is the architecture within firms usually designed?
What will be an ideal response?
If more teenagers stay in school longer rather than dropping out and entering the labor force,
A. The number of discouraged workers increases. B. The unemployment rate goes up. C. The production possibilities curve shifts outward. D. The production possibilities curve shifts inward.