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by DrDroop
963 days ago
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Sorry don't have much time to explain, but in economics and other social sciences there are many situations where there needs to be made a tradeoff between three things, so called trilemmas. I already gave the example of voting in a democracy with arrows impossibility theorem but also it shows up at the central bank when they need to set the exchange rate and needs to to decide between savers, investors and the government tax revenue. This things are always difficult to explain with lots of trade of scenarios just like CAP. I suggest you google trilemma and economy and read more if you are interested. |
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