Which of the Following Statements About the Social Welfare Function

question 5

Multiple Choice

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.

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Definitions:

Literate

The ability to read and write at a level sufficient for effective communication and consumption of information.

Social Overhead Capital

Basic infrastructure projects such as roads, power generation, and irrigation systems.

Developing Country

A nation with a lower level of material wealth, industrialization, and human development index compared to developed countries.

Free-Rider Problem

A problem intrinsic to public goods: Because people can enjoy the benefits of public goods whether or not they pay for them, they are usually unwilling to pay for them.