Bergson's name is associated with
A) Social welfare function
B) Pareto Optimality criterion
C) Compensation criterion
D) Welfare maximization criterion
Correct Answer:
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Q2: Which among the following is NOT a
Q3: When the allocation of resources is Pareto
Q4: If some allocation of resources is Pareto
Q5: When two commodities X and Y must
Q6: The necessary condition for allocative efficiency is
Q7: The Fundamental Theorem of Welfare Economics:
A)shows that
Q8: If an economy operates on its production
Q9: If a brother and sister return home
Q10: Growth of GNP as A Criterion of
Q11: Welfare is improved when 'the greatest good
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