PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

Case Interview Prep

Category - Economics

Start a Study Session Sign up for Question of the Day

Welfare economics is the field of study that examines how:

the government develops monetary policies
poor people are given money for food and rent
banks are offered bailout in the case of mortgage defaults
the allocation of resources impacts economic well-being

Explanation

Answer: D - Welfare economics is the field of study that examines how the allocation of resources impacts economic well-being.

Key Takeaway: Welfare economics makes certain that buyers and sellers both benefit from participation in the market. The equilibrium in the market makes sure that they derive maximum benefit which safeguards their economic well-being.

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Case Interview Prep

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Case Interview Prep

Top questions

Related questions

Most popular on PracticeQuiz