Assume That a Government Is Considering a New Social Program

question 67

Multiple Choice

Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects. The marginal cost and the marginal benefits of each of the four projects are given in the table. Refer to the above table and information. What is the total cost and total benefit of doing projects A, B, and C?

• A) Total cost is $5 billion and total benefit is $7 billion
• B) Total cost is $4 billion and total benefit is $7 billion
• C) Total cost is $9 billion and total benefit is $12 billion
• D) Total cost is $16 billion and total benefit is $20 billion

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Definitions:

Self-Education

The practice of learning about a subject or subjects in which one has taken the initiative to find information and knowledge independently, often outside of a formal educational setting.

Self-Awareness

The awareness of one's personal qualities, emotions, intentions, and wishes.

Canadian Child Welfare System

The network of services in Canada dedicated to promoting the well-being of children and families, providing support and interventions to protect children from harm.

Overrepresented

Describes a situation where a particular group or type is present in numbers greater than what would be expected based on the overall population.