According to the cost-benefit principle if a change generates $50,000 in gains and $45,000 in losses,
A) it is desirable.
B) the gain is not large enough to justify the change.
C) the desirability depends on who gains and who loses.
D) it is a Pareto improvement.
A
Economics
You might also like to view...
"Water is very inexpensive. Thus the marginal and total utility of water is small." Analyze the previous statements
What will be an ideal response?
Economics
Which of the following is most important in increasing the rate of economic growth?
A. A highly progressive tax structure. B. High interest rates on time deposits. C. Increasing the percentage of GDP used for investment. D. A constant supply of funds available to investors. E.Reducing inequality of income and wealth.
Economics