Taking money from a wealthy individual in order to feed a destitute family would be a Pareto improvement
a. True
b. False
B
Economics
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Suppose that when income taxes are reduced by $400 billion, households increase consumption by 80% of the resulting change in disposable income. Suppose also that the multiplier is 2. At a given price level, the aggregate demand curve shifts to the right by
A) $320 billion. B) $400 billion. C) $640 billion. D) $800 billion.
Economics
Which statement is true?
A. Industry X has a Herfindahl-Hirschman Index of 2400.
B. Industry X has an H-H-I of 100.
C. Industry X has an H-H-I of 80.
D. Industry X has an H-H-I of 1,000.
Economics