The costs borne by an individual victim of theft can diverge from the social costs if the
A. stolen items were destroyed by the thief.
B. stolen items were priceless.
C. stolen items were recovered for the victim by the police.
D. all of the options are correct.
Answer: C
Economics
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The cost of a one-unit increase in an activity is called the
A) rational cost. B) opportunity benefit. C) marginal cost. D) marginal benefit. E) margin.
Economics
When an economist considers welfare evaluations, he is looking at
A) whether a policy increases social welfare. B) the ability of an economy to take care of the unemployed. C) price inertia. D) new open economy macroeconomics.
Economics