3. Pol Pot killed approximately one quarter of the population. Assuming that this translates into a reduction of the workforce by one quarter, do a welfare analysis.
Hi can you please help with explanations/calculations of the last 2 questions (3 and 4) :)
1. After the fall of Cambodia to the communists in 1975 Pol Pot, the leader, instigated a policy of rapid deurbanization. The cities were completely evacuated and all labour went to the country. Using a labour market diagram for the specific factors model with an urban and rural sector, and starting at an equilibrium with a common wage, show this policy on the diagram. The Khmer Rouge took control of all assets and so the ‘capitalists’ became the government. Do a welfare analysis of their policy assuming the returns to capital are renamed the return to the government.
2. The Khmer Rouge also murdered teachers, for fear that they might subvert the government. Assume that the specific factor in the rural sector is a combined factor of land and skill level, and that the murdering of teachers reduced productivity. Do a welfare analysis of this policy.
3. Pol Pot killed approximately one quarter of the population. Assuming that this translates into a reduction of the workforce by one quarter, do a welfare analysis.
4. In what ways is an economic analysis of Pol Pot’s regime inadequate? What kind of ethical system does economic analysis draw on? Does economic analysis of welfare and other broader conceptions of welfare coincide?
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