Advocates of antipoverty programs claim that
A)the government has good information about what people are willing to pay to eliminate poverty.
B)fighting poverty is a public good.
C)private sector will incur higher costs than the public sector for these programs.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Advocates of antipoverty programs argue that poverty reduction is a public good because it benefits society as a whole, not just the individuals directly affected. The government has better access to information about poverty rates and can allocate resources efficiently to provide assistance to those in need. Additionally, the private sector may not have the same incentives or resources to address issues of poverty, making it more cost-effective for the government to implement antipoverty programs. Therefore, choice B is the best answer.

Advocates of Antipoverty Programs Claim That