The redistribution of any single good (or factor) by the government guarantees that each and every commodity produced and consumed in the economy will be fairly distributed among members of society. Explain the logic of this argument in a 3x2x2 economy and its underlying assumption(s). What does the theorem imply about a 1x1x1 economy (A simple Robinson Crusoe world with no capital and only coconuts to eat).
1
Expert's answer
2020-09-06T17:34:10-0400
Dear saad , your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order
Comments
Leave a comment