Do not use chatgpt for this!Explain why moving from a Pareto inefficient to a Pareto efficient policy need notbe an unambiguously good policy decision. Give a policy example that you thinkillustrates your point.
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Do not use chatgpt for this!
Explain why moving from a Pareto inefficient to a Pareto efficient policy need not
be an unambiguously good policy decision. Give a policy example that you think
illustrates your point.
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- what is The rule of assumptions in building economics models?What is the Stackelberg Theory in Economics?What does it mean for a policy outcome to be a Pareto Improvement? What about a Potential Pareto Improvement? Is this a reasonable expectation for policy in most settings? Give an example where a Pareto Improvement (following redistribution) a.) might be achievable b.) seems incredibly unlikely
- What argument, based on macroeconomic theory, might a government use to justify shutting down a newspaper critical of its policies? If you were asked to provide a counterargument, what would it be? Explain.How do you estimate the effect of policy changes on individual behavior?Why is economics so useful for, or amenable to, policymaking?
