Achieving economic welfare

For any given point on the production possibilities (or PPF) curve: (i) More economic welfare is achieved than from any points within the PPF. (ii) Moving to some other output combination should yield enhanced economic welfare. (iii) More of some good can be generated devoid of decreasing any other outputs. (d) Greater economic welfare should be attainable than from some combinations within the PPF.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Public Economics

Q : Technological advance in costs All else

All else equivalent, when the output of one good raises, the output of other goods: (1) Should fall in an underemployed economy. (2) May rise as well when society begins on its PPF. (3) Will drop in an efficient and completely employed economy. (4) Essentially experie

Q : Define the economic theories Economic

Economic theories are: (w) true with definition. (x) generally excellent in theory but wrong during practice. (y) made up of generalizations regarding economic behavior. (z) normative, whereas economic policy is more positive.

Q : Bad motives make wrong decisions Which

Which economic philosopher would have been most probably to have asserted which people do not have bad motives while they make wrong decisions; quite, they make bad computations? (w) Thomas Malthus. (x) Sir Edwin Chadwick. (y) Nassau Senior. (z) Jeremy Bentham. <

Q : Best theory according to razor of Occam

I need a good answer on the topic of Economic problems. Please give me your suggestion that as per to Occam's razor, the excellent theories are: (v) The most logical and complex. (w) Ideal mirrors of each aspect of reality. (x) Simply proven by using

Q : Illustrate the free goods in economic

Hey friends please give your opinion for the problem of free goods in Economic that is given below: The entire given are free goods EXCEPT the enjoyment people derive from as in below: (w) rain which waters our law

Q : Explain about entrepreneurship I need a

I need a good answer on the topic of Economic problems. Please give me your suggestions that entrepreneurship, labor, capital and land are all illustrations of: (w) producer's supplies. (x) goods and services. (y) income streams. (z) productive resources.

Q : Explain about the Economic Scarcity

Economic scarcity: (w) will eventually be removed by technological progress. (x) is synonymous along with an economic shortage. (y) cannot exist within a market economy. (z) will exist as long as human needs exceed the goods we can produce using our r

Discover Q & A

Leading Solution Library

Avail More Than 1449564 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929357
Asked

3,689

Active Tutors

1449564

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment