Which of the following is a reason to deviate from the Haig-Simons comprehensive income definition because of correcting externalities? a- Imperfect information b- Charitable giving c- Consumer sovereignty d- Medical expenses

Which of the following is a reason to deviate from the Haig-Simons comprehensive income definition because of correcting externalities? a- Imperfect information b- Charitable giving c- Consumer sovereignty d- Medical expenses

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 1SCQ: For each of the following purchases, say whether you would expect the dogma of imperfect information...

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Question

Which of the following is a reason to deviate from the Haig-Simons comprehensive income definition because of correcting externalities?

a- Imperfect information

b- Charitable giving

c- Consumer sovereignty

d- Medical expenses

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