Which of the following is not required for a country to be producing at a point on its production possibility frontier? O a) Full employment of labour. Ob) All producers using the latest technology. O c) Stable prices. O d) All producers having productive efficiency.

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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.