The lowest percentage of the U.S. population in poverty is found when using which measurement of household resources?
A) private income only
B) private income plus cash benefits
C) private income with cash and in-kind benefits
D) private income with Social Security payments subtracted
C
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According to economic analysis, the optimal level of pollution is
A) always zero. B) at the point at which the marginal benefits of pollution control exceed the marginal cost. C) at the point at which the marginal benefits of pollution control are less than the marginal cost. D) at the point at which the marginal benefits from pollution control are equal to the marginal cost.
In order to minimize the NET costs associated with crime,
A. no crime should be eliminated. B. steps must be taken to eliminate all crime. C. crime should be reduced to the level at which the marginal cost from crime equals the marginal cost of crime prevention. D. crime should be reduced to the level at which the total benefit from crime equals the total cost of crime prevention.