It Is Socially Optimal to Hire an Additional Police Officer

question 27

Multiple Choice

It is socially optimal to hire an additional police officer if:

• A)the marginal benefit of doing so is positive.
• B)hiring an additional police officer reduces crime.
• C)the marginal benefit of doing so is greater than the marginal cost.
• D)the marginal benefit of hiring a police officer is decreasing.

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Definitions:

Labor Force

The total number of people employed or actively seeking employment in a given economy.

High-Paying Occupations

Jobs that offer salaries significantly above the median income level for workers, often requiring specialized skills or education.

Minority Workers

Workers who belong to a racial, ethnic, or socio-cultural minority group within the broader workforce.

Taste-For-Discrimination Model

A theoretical model that explains how discrimination can affect economic decisions and outcomes by assuming some agents have a 'taste' or preference for discriminating against certain groups.