Welfare economics is the study of a. taxes and subsidies. b. how technology is best put to use in the production of goods and se

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Welfare economics is the study of a. taxes and subsidies. b. how technology is best put to use in the production of goods and se

rvices. c. government welfare programs for needy people. d. how the allocation of resources affects economic well-being.

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1 answer:

const2013 [10] · Answer 1 · 2022-02-21T02:36:07+03:00

Answer:

The answer is b) how technology is best used in the production of goods and services

Explanation:

The concept of welfare economics is used in the context of the Economy and public finances. It is defined as the branch of the economy that tries to determine the conditions that are needed to reach the maximum of social welfare. For this, the conditions are established to maximize production with a given amount of resources and optimization of the distribution of goods and services, analyzing the policies pursued in the achievement of goals that are considered desirable from the point of view of well-being.