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Consider an organization dedicated to helping low - income people. The members of the organization are discussing alternative methods of aiding the poor, Wnen a
Consider an organization dedicated to helping lowincome people. The members of the organization are discussing alternative methods of aiding the poor, Wnen a proponent of one particular method asseris:
If even one poor person is helped with this method, then all our time and money would have been worth it
If you were a member of the organization, what reply best represents dear economic thinking?
This attitude
A acknowledges the importance of considering all the alternatives.
B innores the fact that the cost of helping that one person has an opportunity cost of what those funds could have been used for to help other people.
C recognizes the fact that since the organization is a charity, there is an opportunity cost based on the square root of other peoples' needs.
D is the most logical because it is focussed on helping even one person.
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