Slide 1TOOLS OF NORMATIVE ANALYSIS Chapter 3 Slide 2 Welfare Economics Concerned with the social desirability of alternative economic states. 3-2 Slide 3 Consumption Economy…
Slide 1CHAPTER 3 Tools of Normative Analysis Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Slide 2 3-2 Welfare Economics Welfare…