Janet Lauritsen,a Criminologist at the University of Missouri-St

question 44

Short Answer

Janet Lauritsen,a criminologist at the University of Missouri-St.Louis,found that children from two­parent
homes had less tendency toward criminality than children from homes.

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Definitions:

Spillover Benefits

Spillover benefits occur when an economic activity positively affects unrelated third parties or the broader community, beyond the immediate buyer and seller.

Socially Optimal

A state or condition in which resources are allocated in the most efficient manner from a societal perspective, maximizing benefits and minimizing costs to the society as a whole.

External Benefits

Positive effects of a transaction that affect third parties not directly involved in the transaction.

External Costs

Costs that are not borne by the parties involved in an economic transaction but are imposed on other individuals or society at large, such as pollution or congestion.