Microeconomics:
Microeconomics:
4th Edition
ISBN: 9781464143878
Author: Paul Krugman
Publisher: Worth Publishers
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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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