A loss in social welfare deriving from a policy or action that has no corresponding gain is called:

Related MCQs

• The total increase in the welfare of society from an economic action is called:
• An increase in per capital income is not an indication of an increase in the economic welfare of the people -
• A rising Per Capita Income will indicate a better welfare if it is accompanied by -
• The number of family welfare centres in Punjab are:
• What is meant by 'Capital Gain'?
• A speculator who sells stocks, in order to buy back when price falls, for gain is a -
• The action taken by a buyer or seller to product his business or assets against a change in prices is called
• The national economic self-sufficiency i.e., exclusion from international trade pursued as a national policy is called:
• seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as -
• The theory that all human action is motivated by pleasure and the avoidance of pain or the ethic that it should be so motivated. Such theory is termed as