A measure of economic welfare that takes into account the distribution of income.

A measure of economic welfare that takes into account the preferences of individuals.

A measure of economic welfare that takes into account the production possibilities of an economy.

A measure of economic welfare that takes into account the externalities of production and consumption.

The Scitovsky efficiency approach takes into account the distribution of income, while the Pareto efficiency approach does not.

The Scitovsky efficiency approach takes into account the preferences of individuals, while the Pareto efficiency approach does not.

The Scitovsky efficiency approach takes into account the production possibilities of an economy, while the Pareto efficiency approach does not.

The Scitovsky efficiency approach takes into account the externalities of production and consumption, while the Pareto efficiency approach does not.

There are no Pareto-efficient allocations.

There is no potential Pareto improvement.

The marginal rate of substitution between any two goods is the same for all individuals.

The marginal rate of substitution between any two goods is different for all individuals.

It provides a measure of economic welfare that is independent of the distribution of income.

It provides a measure of economic welfare that is independent of the preferences of individuals.

It provides a measure of economic welfare that is independent of the production possibilities of an economy.

It provides a measure of economic welfare that is independent of the externalities of production and consumption.

By comparing the Scitovsky efficiency of different policies.

By comparing the Pareto efficiency of different policies.

By comparing the production possibilities of different policies.

By comparing the externalities of different policies.

It is difficult to measure the preferences of individuals.

It is difficult to determine the marginal rate of substitution between different goods.

It is difficult to compare the Scitovsky efficiency of different policies.

All of the above.

It is a simple and intuitive measure of economic welfare.

It is a measure of economic welfare that is independent of the distribution of income.

It is a measure of economic welfare that is independent of the preferences of individuals.

It is a measure of economic welfare that is independent of the production possibilities of an economy.

The Pareto efficiency approach.

The Bergson-Samuelson social welfare function approach.

The Rawlsian approach.

All of the above.

The Scitovsky efficiency approach is more complex than the other approaches.

The Scitovsky efficiency approach is less complex than the other approaches.

The Scitovsky efficiency approach is more intuitive than the other approaches.

The Scitovsky efficiency approach is less intuitive than the other approaches.

The Scitovsky efficiency approach.

The Pareto efficiency approach.

The Bergson-Samuelson social welfare function approach.

The Rawlsian approach.

The debate over the relative importance of efficiency and equity.

The debate over the best way to measure economic welfare.

The debate over the role of government in promoting economic welfare.

All of the above.

The difficulty of measuring economic welfare.

The difficulty of comparing the economic welfare of different individuals and groups.

The difficulty of designing policies that promote economic welfare without harming other important social goals.

All of the above.

Developing new methods for measuring economic welfare.

Developing new methods for comparing the economic welfare of different individuals and groups.

Developing new policies that promote economic welfare without harming other important social goals.

All of the above.

Getting a better education.

Getting a better job.

Saving more money.

Investing wisely.

All of the above.

Investing in education.

Investing in infrastructure.

Providing social safety nets.

Promoting economic growth.

All of the above.