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Consider an organization that exists to help the poor. The members of the organization are discussing alternative methods of aiding the poor, when a proponent
Consider an organization that exists to help the poor. The members of the organization are discussing alternative methods of aiding the poor, when a proponent of one particular method asserts that:
If only 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 clear economic thinking?
This attitude
A
is the most logical because it is focussed on helping even one person.
B
acknowledges the importance of considering all the alternatives.
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
ignores 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.
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