Which of the Following Statements Is True About U

question 24

Multiple Choice

Which of the following statements is true about U.S. Census data?

• A) It provides basic data on the economy and economic trends.
• B) It gauges public sentiment on a variety of social issues.
• C) It is not typically seen as an appropriate source of secondary data.
• D) It is used to appropriate seats in the U.S. House of Representatives.

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Definitions:

Marginal Social Benefit

The additional benefit to society from consuming one more unit of a good or service, considering both private and external benefits.

Marginal Social Cost

The additional cost to society as a whole for producing one more unit of a good or service.

Public Good

A product or service that is available for all people to consume, regardless of whether any individual pays for it or not, typically provided by the government.

Common Resource

A natural or man-made resource that is non-excludable and rivalrous, such as fish in the ocean or a public park, which can lead to overuse and depletion.