Among the following cases, the opportunity cost of crowding out is the smallest when the government spends dollars: O a. printing stationery for new members of Congress. b. placing photographs of the new President in government and diplomatic offices worldwide. c. on new interstate highways. d. staffing the Internal Revenue Service hotline. e. on Social Security benefits.

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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.