In economics, welfare analysis is useful to
A) gauge the validity of "mend it, don't end it."
B) determine who should receive income transfers.
C) determine who gains and who loses in a particular policy option.
D) prove which policy option is "best."
C
Economics
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Which of the following is included in personal income but not in national income?
a. compensation for workers b. proprietors' income c. corporate profits d. Social Security payments e. rent
Economics
The benefit that government receives from a tax is measured by
a. the change in the equilibrium quantity of the good. b. the change in the equilibrium price of the good. c. tax revenue. d. total surplus.
Economics