Policy changes

For each of the following policy changes, explain why the change is or is not likely to be an improvement based on the efficiency criterion in Hymen (2014): Building a park, financed by an increase in the local property tax Building a park, financed by the donation of a rich philanthropist; the city acquires the land by exercising the right of eminent domain Increasing medical care facilities for lung cancer, financed out of general revenues Increasing medical care facilities for lung cancer, financed out of an increase in the cigarette tax

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