All of the Following Is True of the National Youth

question 59

Multiple Choice

All of the following is true of the National Youth Administration EXCEPT:

• A) it provided part-time employment to students
• B) it was part of the WPA
• C) it set up technical training programs
• D) it was the parent organization for the CCC
• E) it provided Richard Nixon with a job

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Definitions:

Public Good

A good or service offered to society's members at no cost, sponsored by either a private entity or the government with no intent of making a profit.

Marginal Cost

Marginal cost is the change in total production cost that comes from making or producing one additional unit of a good or service.

Public Good

A product or service that is non-excludable and non-rivalrous, meaning it can be used by many people without depleting the resource or preventing others from using it.

Demand-Side Market Failure

A situation where the demand curve does not reflect consumers' full willingness to pay for a good or service, often due to externalities or public goods.