What Is a Primary Objection in the United States About

question 1

Multiple Choice

What is a primary objection in the United States about the concept of licensing parents?

• A) It is too difficult to police.
• B) It infringes on an individual's rights.
• C) It would be too costly to implement.
• D) It would be problematic if parents were criminalized.

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Definitions:

Output

The total amount of goods or services produced by a firm or country.

Marginal External Cost

The cost of producing one additional unit of a good or service that is borne by someone other than the producer or consumer, such as environmental pollution.

Marginal Social Cost

The total cost to society of producing one additional unit of a good, including both private costs and externalities.

Equilibrium Price

The price at which the quantity of a product offered for sale equals the quantity of that product in demand.