Exercise 1

Welfare economics is the branch of economics that seeks to evaluate economic policies in terms of their effects on well-being of the community.

Which of the following improvements to your locality would NOT align with this view of welfare?

Our development is the earth's destruction. Do you agree with the statement. Give Two reasons to support your answer.

People need only a good income to have a good standard of living, as income can buy everything that one needs for a good life.

Is this statement correct? Give a reason to support your answer.

How does the Human Development Report give a holistic view of development?

The sex ratio refers to the number of females per $1000$ males in the population.

Odisha has a better sex ratio ($927$) than Madhaya Pradesh ($919$). All other indicators being equal, how does this affect the Human Development Index of the two states?

The table below shows the income of the citizens of two countries, A and B assuming that they have only $4$ citizens.

(a) Calculate the per capita income of both the countries

(b) Which country has a higher per capita income?

(c) Which country has a more equitable distribution of income?

(d) Is the answer for (b) and (c) the same? Give reasons

The human development approach, developed by Mahbab ul haq is often framed in terms of whether people or able to "be" and "do" desirable things in life. The freedom of choice is central - someone choosing to be hungry (as during a religious fast) is quite different from someone who is hungry because the country is in famine.

Give an example (other than the one given) to demonstrate the 'freedom of choice' explained above.

Which among the following state is placed at the bottom in literacy rate as well as life expectancy?