Answer to Question #131800 in Finance for saad

Question

The redistribution of any single good (or factor) by the government guarantees that each and every commodity produced and consumed in the economy will be fairly distributed among members of society. Explain the logic of this argument in a 3x2x2 economy and its underlying assumption(s). What does the theorem imply about a 1x1x1 economy (A simple Robinson Crusoe world with no capital and only coconuts to eat).

Answer 1

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