In 2018, sizeable lithium deposits were discovered in Germany. Suppose that prior to the discovery of new lithium deposits, Germany was operating on its PPF.  The discovery of new lithium deposits in Germany _____.  After this discovery, if Germany's production did not change, Germany would be operating _____.   -SHIFTED Germany's PPF; efficiently -moved Germany ALONG its PPF; inefficiently -SHIFTED Germany's PPF; inefficiently -moved Germany ALONG its PPF; efficiently

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Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.