Evaluate the policies in terms of the effects on market

Reference no: EM13231276

Evaluate the following policies in terms of their effect on "the greatest happiness the greatest number." (Think about market failures and failures of markets: how do the policies suggested correct problems with the functioning of the market and the distribution of income it produces?) Is there a tradeoff between economic efficiency and equality/happiness in each situation?

either two to three paragraphs or a analytical (non-verbal) model and a paragraph or two explaining it.

a) Free health care for all.

b) Replace the income tax with a tax on carbon.

c) Raise the tax on luxury goods to discourage conspicuous consumption

Reference no: EM13231276

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