1. Pareto Optimality: B A X, M Private Goods and Services per Year 1.1 From the Production Possibility Curve (PPC) above, explain why any point on PPC, such as points A and B, is “Pareto Efficiency". Briefly explain the concept and its implication. 1.2 Bangkok is about to have a new governor as the election for the governorship of Bangkok will be held on 22 May 2022. The city of Bangkok is locally governed by the Bangkok Metropolitan Administration (BMA), which is also considered a local government of Thailand. People always have different opinions about the proper level of public expenditure. state your own perspective regarding current scale of public sector in Bangkok. Should Bangkok increase or decrease the current budget? Why? Use the PPC below to incorporate in your explanation and reasoning, in order to describe the direction of reallocation you preferred. Provide example projects/measures/policy you would like to see its budget rise (or cut). Government Goods and Services per Year
1. Pareto Optimality: B A X, M Private Goods and Services per Year 1.1 From the Production Possibility Curve (PPC) above, explain why any point on PPC, such as points A and B, is “Pareto Efficiency". Briefly explain the concept and its implication. 1.2 Bangkok is about to have a new governor as the election for the governorship of Bangkok will be held on 22 May 2022. The city of Bangkok is locally governed by the Bangkok Metropolitan Administration (BMA), which is also considered a local government of Thailand. People always have different opinions about the proper level of public expenditure. state your own perspective regarding current scale of public sector in Bangkok. Should Bangkok increase or decrease the current budget? Why? Use the PPC below to incorporate in your explanation and reasoning, in order to describe the direction of reallocation you preferred. Provide example projects/measures/policy you would like to see its budget rise (or cut). Government Goods and Services per Year
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 3PA
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