If we believe in the traditional economic assumptions that individuals are ratio

Question

If we believe in the traditional economic assumptions that individuals are rational, selfinterested, and make decisions to maximize their own utility, then policies such as requiring attendance in class or requiring dental work for children are: Unnecessary Likely to improve the outcomes for individuals Necessary to ensure the efficiency of the economy Necessary only if people experience diminishing marginal utility This is the last multiple choice question of the semester (for the assignments). True False

Explanation / Answer

10) Attendence in the class and dental work for the children are skill building programme for an economy and besides that children are not aware of their utility specially those thing from which they can get utility in future. So these things are necessary to ensure the economic efficiency.

11) Sorry I cannot give any answer of this question.

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