Use the Following to Answer Questions

question 124

Multiple Choice

Use the following to answer questions:
-(Table: Street Cleanings) Look at the table Street Cleanings. Suppose that the marginal cost of each street cleaning is $18. Which statement is TRUE?

• A) If the city decided to clean the streets only once per month, Peter would be willing to pay the entire cost of the cleaning.
• B) If the city decided to clean the streets only once per month, Wendy would be willing to pay the entire cost of the cleaning.
• C) If Wendy and Peter were the only people in society, the efficient number of street cleanings would be one per month.
• D) If Wendy and Peter were the only people in society, the efficient number of street cleanings would be at least two per month.

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Definitions:

Parents

Individuals who have a biological or adopted child and are responsible for their care, upbringing, and development.

Initiative Versus Guilt

A stage in Erikson's psychosocial development theory where children aged roughly 3 to 6 years explore their abilities and learn to initiate tasks, feeling a sense of purpose or, if discouraged, experiencing guilt.

Erikson's Stage

Refers to one of the eight stages of psychosocial development identified by Erik Erikson, which humans progress through from infancy to adulthood.

3-Year-Old

Refers to a child at the age of three, a phase marked by rapid growth in language and social skills.