Which of the following programs would provide a Pareto improvement? A.) a new university supported by...

Which of the following programs would provide a Pareto improvement?

A.) a new university supported by a proportional tax paid by everyone

B.) a lung cancer treatment facility financed by cigarette taxes.

C.) A new (and badly needed) national defense system funded by any form of taxes paid by all US residents.

D.) A Federally funded water project in California.

Please provide an answer and an explanation if possible.

Solutions

Expert Solution

Answer.) B.) A lung cancer treatment facility financed by cigarette taxes.

According to neoclassical economic theory, a Pareto improvement occurs when redistribution of resources side-effect no one but still makes atleast one person better off, given intial resource allocation.

Rahul Sunny answered 2 years ago

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