Net Unilateral Transfers in the United States in 2011 Averaged

question 122

Multiple Choice

Net unilateral transfers in the United States in 2011 averaged about ______ per US resident.

• A)$1250
• B)$850
• C)$520
• D)$440
• E)$210

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Definitions:

Policy Weakness

A flaw or deficiency in a policy that prevents it from achieving its intended outcomes or makes it inefficient.

Bargaining Costs

The expenses in time, resources, or money that are incurred during the process of negotiating agreements between parties.

Coase Theorem

A principle stating that, in the presence of clear property rights and negligible transaction costs, parties can negotiate to correct externalities and allocate resources efficiently.

Efficient Outcome

A situation in which resources are allocated in the most effective manner, maximizing total benefit and minimizing waste.