Match the LIST-I with LIST-II.
List I
A. Contract Curve
B. Utility Possibility Frontier
C. Social Welfare Function
D. Production Possibility Frontier.
List II
I. Shows all efficient allocation of goods
II. Shows all efficient allocations of resources measured in term of utility
III. Measure the well being of society as whole in term of utilities of individual
IV. Shows the combination of two goods that can be produced with given input.
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Welfare economics and social choice has come up 62 times in 6 exams since 2004.
What this question tests
This question is on Social welfare functions and social choice, part of Welfare economics and social choice in Microeconomics.
Combining individual preferences into social judgements, and the limits of doing so.
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Question from the CUET-PG 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.
