Microeconomics
Microeconomics
5th Edition
ISBN: 9781319098780
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
Question
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Chapter 1, Problem 10P
To determine

Discuss the efficiency and equity implications of each of the following conditions.

  1. The government pays the full tuition for every collage student to study whatever subject he or she wishes.
  2. When people lose their jobs, the government provides unemployment benefits until they find new ones.

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