The Difficulty of Assigning Monetary Value to Some of the Benefits

question 1

Multiple Choice

The difficulty of assigning monetary value to some of the benefits derived from social services programs is illustrated by which of the following?

• A)computing the cost of a therapist's time spent with each client
• B)determining the value of reduced stress on a family when a child is returned from out-of-home care
• C)determining the money saved when a previously incarcerated person does not commit another crime due to becoming and staying sober
• D)all of the above are examples
• E)multiple time series

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Definitions:

Labor Market

A marketplace where employers find workers and workers find jobs, characterized by the supply and demand for labor.

Price

The price one must pay to obtain a specific good or service.

Total Production

The aggregate quantity of goods or services produced by an economy, firm, or industry over a particular period of time.

Bricklayers

Skilled tradespeople who lay bricks, blocks, and other types of building components to construct or repair walls, foundations, and other structures.