A Gallup Poll Found That Each Additional Violent Sequence Per

question 31

Multiple Choice

A Gallup poll found that each additional violent sequence per hour of TV predicted a _____ increase in the number of people who said they were afraid to walk alone at night in their neighborhood.

• A) 1%
• B) 5%
• C) 10%
• D) 20%

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded, leading to market stability.

Positive Externality

A benefit enjoyed by a third-party as a result of an economic transaction they are not directly involved in.

Equilibrium Quantity

The amount of products or services available that matches the amount sought after at the price where supply meets demand.

Socially Optimal

A condition in which resources are allocated in the most efficient way from the perspective of society as a whole.