1) Define Pareto improvement. Using Vilfredo Pareto’s criteria, how can we confirm that a Pareto improvement...

1) Define Pareto improvement. Using Vilfredo Pareto’s criteria, how can we confirm that a Pareto improvement has taken place? Give one brief example. 2. Define Pareto efficiency Using Vilfredo Pareto’s criteria, how can we confirm that we have Pareto efficiency? Give one brief example. 3,4 In Ontario, Canada sales tax is 14%. Personal income taxes also are higher than in the US. Their higher sales tax and income tax funds government guaranteed medical care. Separately answering as parts 3 and 4 give and explain two different reasons why their medical funding methods are contrary to the objectives of Vilfredo Pareto. (note: This question asks for Pareto’s reasoning, not your own.)

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Rahul Sunny answered 1 year ago

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