What’s it called if I buy something like a sandwich, then consume it, and the net worth of society has now shrunk by 1 sandwich? Versus buying something that keeps its value. 367 viewsJanuary 1, 2024 Question90.96K May 16, 2023 0 Comments Maybe a better example would be a country getting leveled in a war. All of the money is still there, but now everyone is poor and has no net worth. How does that work? It seems kind of like losing that amount of money, even though we didn’t? In: 3475 22 Answers ActiveNewestOldest Anonymous Posted May 16, 2023 0 Comments Given an initial situation, a Pareto improvement is a new situation where some agents will gain, and no agents will lose. You are viewing 1 out of 22 answers, click here to view all answers. Register or Login
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