Sen’s welfare theory relies on ?

Related Mcqs:

1. Amartya K. Sen emphasizes that having enough to eat depends on ?

   A. society’s system of entitlement
   B. an egalitarian income distribution
   C. low poverty rates
   D. society’s high Gini concentration

2. Suppose that Russia steel firms engage in dumping in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumping?

   A. increase
   B. decrease
   C. not change
   D. None of These

3. The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?

   A. R&D generating welfare improved technology
   B. development of more productive machinery
   C. new work rules promoting workers efficiency
   D. lower wages extracted from workers

4. The three measure of welfare indicators above comprise the ?

   A. Purchasing Power Parity
   B. Physical Quality of Life Index
   C. Human Development Index
   D. The Laspeyres index

5. If a country an imposes an import tariff, its welfare can improve if ?

   A. the country is a small country rather than a larger country
   B. its terms of trade improve enough
   C. The tariff enhances the welfare of its trading partners
   D. Its government’s tax revenue increases because of the tariff

6. New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning used was that this would ?

   A. reduce poverty
   B. reduce unemployment
   C. weaken the power of trade unions
   D. help small businesses

7. The form of dumping that represents the greatest potential net welfare loss the for importing national is ?

   A. predatory dumping
   B. sporadic dumping
   C. persistent dumping
   D. yearend dumping

8. New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?

   A. reduce poverty
   B. reduce unemployment
   C. weaken the power of trade unions
   D. help small businesses

9. GDP per head may be an imperfect measure of economic welfare because it excludes ?

   A. the value of leisure
   B. Externalities
   C. Untraded goods
   D. Change in the distribution of income
   E. All of the above

10. Rawls’s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?

    A. the idea that people should consider policy as if behind a veil of ignorance as to what their circumstances might be in society, and the idea that as long as there is no theft then there is no need for governments to intervene and redistribute income.
    B. the idea that people should consider policy as if behind a veil of ignorance as to what their circumstances might be in society, and the idea that people will then be particularly concerned about the possibility that they might find themselves at the bottom of the income distribution
    C. the idea that people a veil of ignorance as policy as if behind a veil of ignorance as to what their circumstances might be in society, and the ignorant people should be looked after
    D. the idea that everyone in society should have an equal income