Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto efficient
What will be an ideal response?
When Robin steals from the rich, those people are made worse off. This cannot be Pareto efficient.
Economics
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The cost of capital can be thought of as the rate of return required by investors in the firm's securities
a. true b. false
Economics
Advocates of discretionary policy make these criticisms of the economy's "self-correcting" mechanism:
a. it is slow b. it is not very reliable c. it works only when supplemented by automatic stabilizers d. All of the above are correct. e. a and b only are correct.
Economics