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Comparing the Two Cases, Why Might One Judge the Man

question 4

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Comparing the two cases, why might one judge the man destroying nature in the original last man case to have done something wrong, but the man standing back watching Earth fall into the Sun not to have done anything wrong?

Identify key characteristics of labor market responses to taxation.
Evaluate the effects of changes in tax rates on market equilibrium and welfare.
Distinguish between elastic and inelastic supply and demand contexts in relation to tax efficiency.
Compare the effects of taxes across different market structures and goods.

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