Suppose you were a benign government who wanted to improve Angela’s situation, but without sacrificing the aim of Pareto Efficiency. One policy advisor tells you that all you need to do to achieve this is to improve Angela’s reservation option. Is this correct?

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Q: Why did Malthus err in predicting that families would have more children as incomes increased?

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A: Respective answers to the questions are provided below in accordance with the given extract.

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Q: rue or false? The classical school of economics believes consumers and producers are rational.

A: The basic premise of the classical theory is the self-regulation of the economy. Typical economists…

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A: Given that; U1 = x1 + z10.5    Y1 = x1 + pz1  U2 = x2 - 0.5z20.5 Y2 = x2 + pz2

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A: Answer -

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Q: Q2. Preferences and utility Let's assume that country A prefers not to make additional concessions…

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A: Consider the benefits as well as the problems associated with a reproductive policy such as China’s.…

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Q: 2. Assume that you want to decide whether Country A or Country B to live. You have only 14 .2…

A: We are going to analyse lorenz curve and gini coefficient to answer this question.

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