Which among the following statement is INCORRECT?
A. Welfare economics is based on value judgements
B. Welfare economics is also called 'economics with a heart'
C. Welfare economics focuses on questions about equity as well as efficiency
D. The founder of Welfare economics was Alfred Marshall
Answer:D
Which among the following statement is INCORRECT?
A. Welfare economics is based on value judgements B. Welfare economics is also called 'economics with a heart' C. Welfare economics focuses on questions about equity as well as efficiency D. The founder of Welfare economics was Alfred Marshall