Which of the following statements is correct?
a. Followers of the liberalism political philosophy believe that society should maximize the total of individual utilities.
b. The poverty line is adjusted for regional differences in the costs of raising children.
c. One advantage to the Earned Income Tax Credit (EITC) is that it benefits the working poor.
d. Libertarians pursue policies to redistribute income from the rich to the poor.
c
You might also like to view...
In the above figure, if the market is competitive and unregulated, then at the equilibrium amount of output the marginal social benefit is
A) less than the marginal cost to producers. B) greater than the marginal social cost. C) equal to the marginal cost to producers. D) equal to the marginal private benefit from consumption.
A positive externality causes
A) the marginal social benefit to be less than the marginal private cost of the last unit produced. B) the marginal private benefit to exceed the marginal social cost of the last unit produced. C) the marginal social benefit to exceed the marginal private cost of the last unit produced. D) the marginal social benefit to be equal to the marginal private cost of the last unit produced.