The Principle Of Maximum Social Advantage

The economist associated with the principle of Maximum Social Advantage is ____________

• Seligman

• Samuelson

• Dalton

• Sweezy

Maximum Social Advantage is Achieved when

• Marginal Social Sacrifice = Marginal Social benefit

• Total Social Sacrifice = Total Social Benefit

• Average Social Sacrifice = Average Social Benefit

• Net Social Sacrifice = Net Social Benefit

Which of the following is not an assumption of the principle of MSA?

• All taxes result in sacrifice

• All public expenditures lead to benefit

• Public revenue consists only of taxes

• The budget may be in surplus or deficit

Public expenditure is subject to-

• Diminishing marginal social Benefit

• Increasing marginal social Benefit

• Diminishing marginal social sacrifice

• Increasing marginal social sacrifice

MSB declines with every additional unit of money spent by the government due to

• Diminishing marginal returns

• Diminishing marginal utility

• Diminishing marginal productivity

• All of the above

When the size of the budget is less than optimum, then

• MSS < MSB

• MSS > MSB

• MSS = MSB

• NMB is Zero

The maximum Welfare Principle Of Budget Determination is associated with

• Hugh Dalton

• Paul Samuelson

• Hall and Hitch

• Richard Musgrave

In the figure what does line NN measure?

• Money spent as public expenditure

• Marginal net Benefits

• Additional Units of taxation

• Net social Advantage