Question

"The lower the amount of pollution, the higher the level of social welfare and the Pareto...

"The lower the amount of pollution, the higher the level of social welfare and the Pareto efficiency is achieved when it occurs less than when the amount of pollution is relatively high." Answer True if the following sentences are correct, False if incorrect, Uncertain if uncertain, and explain the reason (the score depends on the logical development of the reason).

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Answer #1

Pareto efficiency occur when it is impossible to make one party better off without making someone worse off.

And here are the statement given: The lower the amount of pollution, the higher would be the level of social welfare.

And when the level of pollution is high social welfare would be low so the statement given is False.

As here it is possible to make one thing better (SOCIAL WELFARE) without making other thing worse (Pollution). It means here lower pollution leads to higher social welfare as this would benefit the economy as a whole.

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