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Author Question: An activity that makes some people better off and nobody worse off is a (Read 74 times)

crazycityslicker

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Question 1

Suppose a policy change will generate $180,000 of benefits for low-income families and $150,000 of costs for high-income and middle-class families. This change can best be described as


◦ inefficient.
◦ Pareto efficient.
◦ potentially efficient.
◦ equitable.

Question 2

An activity that makes some people better off and nobody worse off is a


◦ government transfer program such as Social Security.
◦ reduction in interest rates.
◦ price floor that increases income to suppliers.
◦ voluntary exchange.


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Marked as best answer by crazycityslicker on Apr 19, 2019

pami445

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pami445

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