In Which of the Following Has LP Been Applied Successfully

question 34

Multiple Choice

In which of the following has LP been applied successfully?

• A) minimizing distance traveled by school buses carrying children
• B) minimizing 911 response time for police patrols
• C) minimizing labour costs for bank tellers while maintaining service levels
• D) determining the distribution system for multiple warehouses to multiple destinations
• E) all of the above

Evaluate the effect of taxes and transfer payments on the distribution of household income in the United States.

Analyze the economic incentives created by welfare systems and their effects on labor market participation.

Discuss the theoretical arguments for and against income redistribution and its effect on societal utility.

Understand the concept of Universal Basic Income and its intended impact on income equality.

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Definitions:

Electrical Charge

A physical property of particles or objects that causes them to attract or repel each other due to the presence of electric charge, either positive or negative.

Neuron

A cell dedicated to sending signals in the form of nerve impulses; known as a neuron.

Antagonist

A substance that interferes with or inhibits the physiological action of another, particularly in pharmacology referring to a drug that blocks the action of a neurotransmitter or hormone.

Excitatory Postsynaptic Potentials

Electrical changes in a neuron that increase the likelihood it will fire an action potential, usually in response to neurotransmitter release.