Asked by
Diana Turcios
on Dec 08, 2024Verified
Suppose a policy change will generate $100,000 of benefits for low-income families and $120,000 of costs for high-income families. This change can best be described as
A) Pareto efficient.
B) inefficient.
C) potentially efficient.
D) equitable.
Policy Change
A modification or adjustment to existing rules, protocols, or regulations within an organization, system, or government.
Low-Income Families
Households earning significantly below the average income level, often facing financial hardship and limited access to resources.
Equitable
Pertains to fairness or impartiality in the distribution of benefits and burdens within society.
- Assess the criteria under which a policy or action can be viewed as possibly efficient.
- Study the consequences of market trends and policy shifts on welfare and equality.
Verified Answer
TH
Learning Objectives
- Assess the criteria under which a policy or action can be viewed as possibly efficient.
- Study the consequences of market trends and policy shifts on welfare and equality.