The United States has less income inequality than most other developed countries
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Broomfield city council is deciding how many police officers the city needs. Broomfield's population is 10,000 people. The marginal cost of a police officer is $60,000 per year
The marginal benefit schedule of an average city resident from police protection is shown in the table above. Police protection is a public good. The marginal benefit for all of Broomfield from hiring the 4th police officer is A) $56,000. B) $5.60. C) $8,000. D) $6.00.
Economics
What is meant by "the value of a statistical life"? Why is it calculated?How is it used by policymakers?
What will be an ideal response?
Economics