In 2008 if the poverty line had been set lower, the poverty rate would have been ________.

The difference between the marginal social cost and the private cost of a common property resource represents:

A) the social discount rate. B) a deadweight loss. C) is generally negative because the people who use the resources assign higher value to them than other members of society. D) the opportunity cost of reducing the resource by one unit for other members of society.

What are the likely economic effects of social regulation on prices, innovation, and competition?

What will be an ideal response?