Question

The poverty rate for children under 18 has ______ since the 1960s

a: risen significantly (more than 10%)

b: fallen by the same amount as the overall poverty rate.

c: fallen significantly (more than 10%)

d: dropped to zero

e: stayed about the same

Arguably, the largest obstacle to finding the "optimal" level of public good provision is the fact that...

a: the costs are very concentrated.

b: the cost of the public good is uncertain.

c: the benefits are very concentrated.

d: the benefits of the public good are difficult or impossible to measure.

Answer 1

Ques 1.

Since the 1960s, the child poverty rate has generally fallen, by more than 10%

Ans. (C)

Ques 2,

In the provision of a public good, the largest obstacle faced by the government is to calculate the benefit of the public good received by the people. This is because people may want to free ride and not pay for the public good and hence can falsely claim a lower benefit as compared to the actual high benefit they may obtain, say from a public park.

Ans. (D)

answered by: anonymous