Assume That the Values in the Table Above Are Representative

question 53

Multiple Choice

Assume that the values in the table above are representative of most neighbourhoods,i.e. ,unique colours are an external cost while traditional colours are an external benefit.One could predict that

• A) the distribution of unique and traditional colours will be 50-50.
• B) if one house is uniquely coloured,all houses will be.
• C) if one house is traditionally coloured,no unique coloured houses will be present.
• D) colours of houses will be relatively homogeneous.
• E) colours of houses will be relatively heterogeneous.

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Definitions:

Working Poor

Individuals who have employment but their income levels are below the poverty threshold, making it difficult to meet basic needs.

Minimum Income

The lowest level of income deemed adequate for living at a basic standard.

Incentive to Work

refers to the factors or motivations that encourage individuals to engage in employment or increase their work effort.

On-The-Job Training

A method of learning skills and competencies required for a job through direct performance during work hours.