1. It is possible that an ordinal utility decreases even though wellbeing does not change. true or false 2. The governme
Posted: Wed Jul 06, 2022 6:32 pm
1. It is possible that an ordinal utility decreases even thoughwellbeing does not change.
true or false
2.
The government decides to distribute $1,000 per citizen (withoutnew taxation) to make them happier. If well-being is affectedby only their aspiration level, this policy will not affect onwell-being so much.
true or false?
3.
The utility function represents not only wellbeing but alsopreference relations.
true or false?
4.
Megan lost her job, and her life satisfaction decreased a lot. However, it returned to the former level after a year eventhough she was not able to find a new job. In this case, wecannot say that her utility regained its formerlevel. True or false?
true or false?
true or false
2.
The government decides to distribute $1,000 per citizen (withoutnew taxation) to make them happier. If well-being is affectedby only their aspiration level, this policy will not affect onwell-being so much.
true or false?
3.
The utility function represents not only wellbeing but alsopreference relations.
true or false?
4.
Megan lost her job, and her life satisfaction decreased a lot. However, it returned to the former level after a year eventhough she was not able to find a new job. In this case, wecannot say that her utility regained its formerlevel. True or false?
true or false?