The national poverty rate in the United States reached a low in the
a. early 1960s.
b. early 1970s.
c. late 1970s.
d. early 1980s.
b
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All of the following are examples of the volunteer's dilemma except which one?
A) You are trying to decide whether to spend time volunteering at a local homeless shelter or at a neighborhood elementary school. B) You, along with a dozen other drivers, witness a car accident. You cannot decide whether to dial 911 or let one of the other witnesses dial 911 instead. C) Five high school students are contemplating sneaking out of school after lunch. One student has to create a diversion that will get him sent to detention in order for the others to escape unseen. D) A house is on fire and there may be someone still inside. Who will go inside the burning house to attempt to rescue the potential victim?
If the market price is at equilibrium, the deadweight loss is maximized
Indicate whether the statement is true or false