Lowers our standard measure of welfare

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Question 1. Why might a society prefer a government policy that lowers our standard measure of welfare? Discuss by using examples.

Question 2. Are inventions (for example, automation) and organizational innovations more likely to be labor or capital saving? Discuss.

Reference no: EM132560570

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Lowers our standard measure of welfare : Why might a society prefer a government policy that lowers our standard measure of welfare? Discuss by using examples.
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