The Social Welfare Function

question 39

Multiple Choice

The social welfare function

• A) Summarizes judgments about resource allocations
• B) Assigns a number that indicates the overall level of social welfare
• C) Was pioneered by Abram Bergson and Paul Samuelson
• D) All of these

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Definitions:

Sub-groups

are smaller, specific groups formed within a larger group, often with a particular focus or task within the broader organization or study.

Potential Voting Rights

Voting rights that are not currently exercisable or convertible but could potentially give the holder control or significant influence over the decision-making of an entity.

Voting Rights

The rights of shareholders or members to vote on company or organizational matters, usually at meetings like annual general meetings.