Give an Give an example where 'breaking' a market (interfering with a well-functioning market) can improve outcomes for society. 4. In the child labour model we discussed in class, what are the luxury and substitution axioms? State the axioms in your own words, then explain why the substitution axiom is required in order for a ban on child labour to potentially increase the welfare of households.example of a geographic or climactic feature that, in some contexts, is positively associated with economic development, while in other contexts the association is negative. 2. What does the Malthusian model predict will be the short- and long-term effects of a permanent decrease in birth rates