5. Suppose you could make changes to society that will move 5% out of one box of the transition matrix down one box (as in the last problem you moved 5% from the top left cell down to the cell below). Moving 5% between which pair of cells (with one right on top of the other) will cause the greatest long-term decrease in poverty?
5. Suppose you could make changes to society that will move 5% out of one box of the transition matrix down one box (as in the last problem you moved 5% from the top left cell down to the cell below). Moving 5% between which pair of cells (with one right on top of the other) will cause the greatest long-term decrease in poverty?
Chapter19: Externalities And Public Goods
Section: Chapter Questions
Problem 19.2P
Question
Transcribed Image Text:5. Suppose you could make changes to society that will move 5% out of one box of
the transition matrix down one box (as in the last problem you moved 5% from
the top left cell down to the cell below). Moving 5% between which pair of cells
(with one right on top of the other) will cause the greatest long-term decrease in
poverty?
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