How are social befits typically monetized?
What will be an ideal response?
Money measurement: The least controversial approach is to estimate direct monetary benefits when feasible.
Market valuation: Another relatively straightforward approach is to monetize gains or impacts by valuing them at market prices.
Econometric estimation: Another approach is to monetize the value of a program effect by using a statistical model to estimate the independent influence of that impact on some domain of economic activity. However, there are many other factors that influence business revenue.
Hypothetical questions: A rather problematic approach sometimes used is to estimate the value of intrinsically nonmonetary benefits is questioning the recipients of those benefits. Such estimates are inherently subjective and somewhat speculative and, thus, open to skepticism.
Observing funding allocations: Another approach is to monetize benefits on the basis of budgetary allocations by relevant social agents.
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Jackie, a resident of Texas, has been involved in local politics for over a decade now. Last month, she was appointed as the precinct chair. In such a scenario, which of the following responsibilities will Jackie have as the precinct chair?
a. She will meet with the other precinct chairs to organize the county election primary. b. She will play a large role in the fundraising efforts of the party. c. She will oversee the primary polls on election day, line up workers to help, and report the results to the party's county office. d. She will help oversee the state executive committee.
The fact that the Soviet Union ceased to exist by the end of 1991 is indicative of __________
a. the collapse of liberalism as a system b. the collapse of conservatism as a system c. the collapse of communism as a system d. the collapse of neoconservatism as a system
How did the Pendleton Act (1883) reform the system of hiring and firing of most federal employees?
a. It required hiring and firing decisions to be based on partisan loyalty rather than merit. b. It required hiring and firing decisions to be based on merit rather than partisan loyalty. c. It continued to allow hiring on the basis of merit, but made firing federal employees easier. d. It continued to allow hiring on the basis of partisan loyalty, but made firing federal employees more difficult.
When there are two dimensions,
a. We can still use the median voter theorem and find the winning position separately on each dimension; then we have to the two positions to find the new winning position. b. The median voter theorem applies only if the two dimensions are related to one another. c. The median voter theorem holds only if all the players agree to change the status quo. d. The median voter theorem does not apply, and we have to use circular indifference curves to locate win sets.