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Title: Mr. X, an American, loses his job due to foreign competition. Mr. Y, an American, loses his job ... Post by: BrendanOO7 on Nov 14, 2017 Mr. X, an American, loses his job due to foreign competition. Mr. Y, an American, loses his job because other Americans shifted their demand to other goods produced in America. Both lose when these events occur. Excluding the utility of foreigners from consideration, these events are Pareto optimal when
A) Mr. X is compensated for his loss. B) Mr. Y is compensated for his loss. C) Both Mr. X and Mr. Y are compensated for their loss. D) Both events are optimal without any compensation to either Mr. X or Mr. Y. Title: Re: Mr. X, an American, loses his job due to foreign competition. Mr. Y, an American, loses his job ... Post by: Shadias on Nov 14, 2017 Content hidden
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