Prior to the Development of the Social Safety Net,which of the Following

question 23

Multiple Choice

Prior to the development of the social safety net,which of the following ideas was generally held?

• A)Poor people should be able to retain some dignity.
• B)Poverty was the result of social inequality and exploitation.
• C)Asking for financial help should be easy.
• D)Help should be less than the most poorly paid worker earned.

---

Definitions:

Diminishing Returns

A principle stating that as one input variable is increased, there will be a point at which the additions of output will begin to decrease, holding all other inputs constant.

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm operates at higher levels of output.

Long Run

A period in economic theory during which all factors of production and costs are variable.

Average Costs

Average costs are calculated by dividing the total costs of production by the quantity of output produced, often used to assess cost efficiency.