Use the Figure Below to Answer the Following Questions

question 101

Multiple Choice

Use the figure below to answer the following questions. Figure 18.1.1
-Refer to Figure 18.1.1.The poorest 20 percent of households receive what share of total income?

• A)40 percent
• B)60 percent
• C)20 percent
• D)5 percent
• E)10 percent

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Definitions:

Negative Externality

An economic situation where a third party is negatively affected by the outcome of a transaction or activity, for instance, pollution affecting the health of nearby residents who are not involved in the polluting activity.

Drunk Driving

The act of operating a motor vehicle while the driver's ability to do so is impaired by the effects of consuming alcohol.

Used Oil

Recycled or waste oil that has been used and then collected for reprocessing or disposal, often considered hazardous waste.

Marginal Social Costs

The total cost to society of producing one additional unit of a good or service, including both private costs and any externalities.