The total increase in the welfare of society from an economic action is called:

Related MCQs

• An increase in per capital income is not an indication of an increase in the economic welfare of the people -
• The ratio of the total increase in a country’s national income to the increment in export revenue generating the increase is called:
• A loss in social welfare deriving from a policy or action that has no corresponding gain is called:
• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• An Increase in national income because of an increase in price is called-
• The term used to describe a sharp slowdown in the rate of economic growth or a modest decline in economic activity is called:
• The situation in which total revenue is equal to total cost, is known as -
• The situation in which total Revenues equals total cost, is known as :
• If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm -
• A rising Per Capita Income will indicate a better welfare if it is accompanied by -