As a General Rule,failure to Equalize the Marginal Benefits and Costs

question 55

Multiple Choice

As a general rule,failure to equalize the marginal benefits and costs of any publicly approved activity,e.g. ,crime control,results in

• A)an inefficient level of the activity;either too little or too much.
• B)too much of the activity.
• C)too little of the activity.
• D)the wrong activities.

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Definitions:

State Income Tax

A tax levied by a state on the income earned by its residents and businesses operating within the state.

Federal Income Tax

Tax levied by the federal government on individuals, corporations, estates, and other entities' annual earnings.

State Unemployment

A government-provided insurance program that offers temporary financial assistance to the unemployed who lost their jobs through no fault of their own.

Federal Unemployment

Refers to the United States federal government program that provides unemployment benefits to eligible workers.