Growth of GNP as A Criterion of Welfare was advocated by

Related MCQs

• Who among the following economist accepted growth of GNP as a criterion of Social Welfare
• The concept of ‘Social Welfare Function’ was propounded by A. Bergson in his article ‘A Reformulation of Certain Aspects of Welfare Economics’ published in the year 1938
• A famous welfare economics book called, “Economics of Welfare” was written by
• Who defines economic welfare as “that part of social (general) welfare that can be brought directly or indirectly into relation with the measuring rod of money.”
• Compensation criterion principle is associated with the name of
• Under Net present value criterion, a project is approved if
• The internal Rate of Return (IRR) criterion for project acceptance, under theoretically infinite funds is: accept all projects which have
• Which of the following criterion is often preferred
• Where capital availability is unlimited and the projects are not mutually exclusive, for the same cost of capital, following criterion is used
• The concept of social optimum was introduced in Welfare Economics by