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Which is more pro-poor between the benefit received theory and the ability to pay theory? Why?
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- Do you think Pareto Efficiency is enough to explain welfare economics?Marx writes that, in order to understand surplus-value, we have to divide the workday into two parts. Why is that?According to John Rawls, the welfare of society only depends on the welfare of the ------------ household. Fill in the Blank
- Is economics a study of making choices? Explain.What is laissez-faire theory and is it applicable to the economy? Why and why not?Draw a new the Edgeworth box for second fundamental theorem of welfare economoics, and describe all its elements. Please do not use the existing one in Bartleby, please answer fast.
- What role, if any, will marginalism, incentives, and disinterestedness play in the questions you ask and the inferences you make in determining whether or not an economic policy makes sense?He described economics as a science of material welfare A. Robbins B. Marshall C. Ricardo D. KeynesWhat kinds of inequalities we are facing in "free market" according to Milton Friedman?