Who among the following was concerned with welfare economics?
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Prof. Robbins
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Adam Smith
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Prof. Samuelson
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Dr. Alfred Marshall
D
Correct answer
Explanation
Dr. Marshall was concerned with welfare economics.
Prof. Robbins defined economics as a science of scarcity and choice.
Adam Smith was concerned with economics of wealth.
Prof. Samuelson defined economics as a science of dynamic growth and development.