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Financed out of an increases in the cigarette tax

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Q1 For each of the policy changes, explain why the change is or is not likely to be Pareto improvement?

a. Building a park, financed by an increase in the local property tax rate.

b. Building a park, financed by donation of a rich philanthropist: the city acquires land by exercising the right of eminent domain ( eminent domain gives right to the state to acquire land with compensation, for public use).

c. Increased medical care facilities for lung cancer, financed out of an increases in the cigarette tax.

Reference no: EM132512068

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