A platform makes lifting safer in a few ways. First, it allows you to easily bolt your rack to a stable surface, ensuring that it stays put during all your lifts. As mentioned above, before my platform, the only thing I had anchoring my squat rack were two 55-pound bumper plates resting on its back legs.
Unformatted text preview: Chapter 7 1. Welfare economics is the study of how a. the allocation of resources affects economic well-being. b. a price ceiling compares to a price floor. c. the government helps poor people. d. a consumerâs optimal choice affects her demand curve. 2. Welfare economics is the study of a. taxes and subsidies. b. how technology is best put to use in the production of goods and services. c. government welfare programs for needy people. d. how the allocation of resources affects economic well-being. 3. Welfare economics is the study of a. the well-being of less fortunate people. b. welfare programs in the United States. c. how the allocation of resources affects economic well-being. d. the effect of income redistribution on work effort. 4. The study of how the allocation of resources affects economic well-being is called a. consumer economics. b.
Political economy is a study of philosophy and ideology that studies the evolution of political and economic ideas. Political economy profits from the interdisciplinary application of approaches and concepts that originated in the study of politics, economics, sociology, philosophy, and history.n order to allocate these resources, politics are used within a state to provide for the people. Political economy is the study of the relationships between individuals and society, and more specifically, the relationships between citizens and states.