{"id":237143,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"http:\/\/essaysparlor.com\/option-b-moving-the-dirty-industry-from-the-developed-country-dc-to-the-less-developed-country-ldc-and-paying-an-appropriate-compensation-to-the-ldc-by-the-dc-2\/"},"modified":"2018-10-24T09:12:50","modified_gmt":"2018-10-24T09:12:50","slug":"option-b-moving-the-dirty-industry-from-the-developed-country-dc-to-the-less-developed-country-ldc-and-paying-an-appropriate-compensation-to-the-ldc-by-the-dc-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/option-b-moving-the-dirty-industry-from-the-developed-country-dc-to-the-less-developed-country-ldc-and-paying-an-appropriate-compensation-to-the-ldc-by-the-dc-2\/","title":{"rendered":"Option B: Moving the dirty industry from the developed country (DC) to the less developed country (LDC) and paying an appropriate compensation to the LDC by the DC"},"content":{"rendered":"<p>Question2. Recall the two policy options discussed in Summers\u2019 memo:<\/p>\n<p>Option A: the status quo<\/p>\n<p>Option B: Moving the dirty industry from the developed country (DC) to the less developed country (LDC) and paying an appropriate compensation to the LDC by the DC<\/p>\n<p>c. State the ranking of the two policy options by DC and by LDC according to the memo.<\/p>\n<p>d. Is the Pareto principle applicable to the situation that you stated in c? If no, explain; if yes, which version of the principle (Pareto principle or\/and weak Pareto principle) is applicable?<\/p>\n<p>e. According to your stated ranking in c, between the two policy options, which one is Pareto efficient and which one is not Pareto efficient? Explain.<\/p>\n<p>3. This question is based on one of your week 3\u2019s reading: Daniel M. Hausman and Michael S. McPherson. 1997. Beware of Economists Bearing Advice. Policy Options 18 (7): 16-19.<\/p>\n<p>f. In illustrating the economist\u2019s argument for why welfare benefits should be provided in cash rather than in in-kind, Hausman and McPerson identify three main assumptions behind the argument. What are the three main assumptions behind the economist\u2019s argument that they identify?<\/p>\n<p>g. In their discussion in the SECTION, \u201cIs the goal to increase well-being?\u201d, what caution and complication should we be aware in articulating the goal(s) of the policy?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question2. Recall the two policy options discussed in Summers\u2019 memo: Option A: the status quo Option B: Moving the dirty industry from the developed country (DC) to the less developed country (LDC) and paying an appropriate compensation to the LDC <a href=\"https:\/\/www.benedictsol.com\/blogs\/option-b-moving-the-dirty-industry-from-the-developed-country-dc-to-the-less-developed-country-ldc-and-paying-an-appropriate-compensation-to-the-ldc-by-the-dc-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-237143","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/237143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=237143"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/237143\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=237143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=237143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=237143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}