In His Book,The Third Wave,Amartya Sen Argued That Government Should

question 13

True/False

In his book,The Third Wave,Amartya Sen argued that government should abandon the old ideas of the left (who want to expand the state)and the right (who want to shrink it).

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Definitions:

Pareto Optimal Allocation

A resource distribution scenario where no individual can be made better off without making at least one individual worse off.

Utility Function

A mathematical representation of how different combinations of goods or services provide levels of satisfaction or utility to an individual.

Initial Endowment

The initial allocation or distribution of resources, goods, or wealth among individuals or entities at the start of an economic experiment or model.

Apples

A type of fruit commonly consumed fresh, cooked, or as juice, recognized for its sweet or tart flavor.