Why does our normative framework provide limited guidance in formulating public policy?
(Recall the money tree problem.)
a. Because people have different ideas about what causes social welfare to increase
b. Because many different Pareto efficient A/Ds are feasible
c. Because everyone doesn't feel the same way about tradeoffs
d. All of the above are reasons for this

Question

01-07-2024
Business

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Why does our normative framework provide limited guidance in formulating public policy?
(Recall the money tree problem.)
a. Because people have different ideas about what causes social welfare to increase
b. Because many different Pareto efficient A/Ds are feasible
c. Because everyone doesn't feel the same way about tradeoffs
d. All of the above are reasons for this

Sagot :

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