Millionaire Mode

The Scitovsky Efficiency Approach to Economic Welfare

Question 1 of 15

What is the Scitovsky efficiency approach to economic welfare?

  1. A measure of economic welfare that takes into account the distribution of income.
  2. A measure of economic welfare that takes into account the preferences of individuals.
  3. A measure of economic welfare that takes into account the production possibilities of an economy.
  4. A measure of economic welfare that takes into account the externalities of production and consumption.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000