Can you explain about counterfactual, Microeconomics

Assignment Help:

Q. Can you explain about Counterfactual?

The ‘base case' or counterfactual is a statement of what could have happened without policy intervention, or if the policy intervention had taken a different but specified form. Any evaluation of a policy's effects could be made relative to what would otherwise have happened. Generally it is not enough to describe the starting position or ‘baseline' since this is likely to change over time.


Related Discussions:- Can you explain about counterfactual

Explain labour intensity, Q. Explain Labour Intensity? Labour Intensity...

Q. Explain Labour Intensity? Labour Intensity: Ratio of labour effort expended, compared to total on-the-job compensated labour time. A higher ratio of labour intensity reflect

Advertising budget, Analyse the method by which a firm can allocate the giv...

Analyse the method by which a firm can allocate the given advertising budget between different media for advertisement?

Analyze the economic factors, Question 1: Using relevant examples to il...

Question 1: Using relevant examples to illustrate your arguments analyze the different economic impacts of tourism and discuss the different ways in which government can maximi

Rent, explain two theories of economic rent

explain two theories of economic rent

Supply of basic industrial inputs, Supply of Basic Industrial Inputs: ...

Supply of Basic Industrial Inputs: Allowing their duty-free imports by exporters would require an elaborate machinery of customs and import licensing to ensure that the impor

The marketing system, Which of the following industries do you think are li...

Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga

Demand and supply, what happens when price is fix and there is a change of ...

what happens when price is fix and there is a change of the supply and demand curve

Theory of multiplier, income generation in a static and dynamic setting

income generation in a static and dynamic setting

#ttitl derivation of demand funcation, derivation of demand funcation usin...

derivation of demand funcation using indifferance curv ordelreay and competed demand curv

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd