ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- two economists went to the same university disagree on policies such as minimum wages or higher taxes. why do you think this is the case?arrow_forwardSelect one or more: a. A Pareto efficient outcome is where you cannot make anyone better off without someone else ending up worse off. b. All are happy with their share of income in a Pareto efficient outcome. c. There is only ever one Pareto efficient outcome. d. If two people have £100 to split, any split in which all the money is used up is Pareto-Efficient, even if one person gets none.arrow_forwardWhat do you see as the biggest flaw in using benefit-cost analysis to guide public policy?arrow_forward
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