--%>

Better off and worse off condition in normative economics

When an economic change creates one person better off and a thousand persons worse off, this is: (w) good for society. (x) bad for society. (y) neither good nor bad for society. (z) not possible to assess without a value judgment.

Can anybody suggest me the proper explanation for given problem regarding better off and worse off condition in normative economics generally?

   Related Questions in Public Economics

  • Q : Where is all economic resources fall

    Can anybody advise me the explanation for specified problem regarding where is all the economic resources fall within the categories: (i) Infinite, free, energy, or knowledge. (ii) land, labor, capital, or entrepreneurship. (iii) consumption, saving,

  • Q : Occurrence Net economic investment for

    I need a good respond on the topic of Economic problems. So, please give me your suggestion that for the economy Net economic investment as an entire occurs while: (i) Romance novelist Portia Palpitates buys a $4 r

  • Q : Weak assumptions

    Philosopher-mathematician Henri Poincaré asserted, “When a phenomenon admits of a total mechanical explanation this will admit of any infinity of others that will account equally well for all of the peculiarities disclosed through the experiment.” O

  • Q : Administrative estimations of peoples

    The requirement criterion of distribution usually entails: (1) Greater production incentives than the other systems. (2) Much difficult administrative estimations of people's requirements. (3) Generation of extreme pollution. (4) Dividing national inc

  • Q : Limitation of economic capital -

    Hey friends please give your opinion for the problem of economic capital that is given below: Illustrations of economic capital do NOT include: (w) buildings. (x) tools. (y) machinery. (z) stocks and bonds.

    Q : Invisible hand of Adam Smith “

    “Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

    Q : Esurience of economy-wide efficiency

    For a specified distribution of income, economy-wide efficiency would make sure a: (i) Redistribution to make equal income. (ii) Minimal level of pollution. (iii) Maximum level of particular identity. (iv) Maximum value for whole production.

  • Q : Human choices and consequences in

    Economics as like a Science is most relates with: (a) human consequences and their choices. (b) mathematical formulas to compute profit. (c) how government agencies price services and goods. (d) wealth accumulated through private ente

  • Q : Validation of a new theory in

    A new theory evolves within common sense only after this is determined: (1) Helpful through extensive testing. (2) Within conformity along with Newtonian mechanics and Occam's razor. (3) To contain relatively only some exceptions. (4) Acceptable through the Institute

  • Q : Explain invisible hand of Adam Smith

    The “invisible hand” of Adam Smith described: (w) a large role for the government. (x) altruist motives in civilized society. (y) technological advances promoted throguh monopolies. (z) self-correcting market mechanisms.