When Society Receives More Benefits from a Good Than the Individuals

question 39

Multiple Choice

When society receives more benefits from a good than the individuals who consume the good,

• A)the marginal social benefit for the good is less than the marginal social cost
• B)too much of the good would be produced by a private market
• C)property rights are assignable and well defined
• D)the good produces a positive externality
• E)the good is exhaustible with fixed-production technology

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Definitions:

Diversity

The range of different species, genetic variations, and ecosystems found within and across environments.

Rain Forest Organisms

Diverse species of plants, animals, and microbes that inhabit the wet, dense forests found near the Earth's equator, known for their biodiversity.

Fossilized Remains

Preserved remnants or impressions of organisms from the past, embedded in rocks and sediments, essential for understanding Earth's biologic history.

Immediate Ancestors

The direct predecessors in a lineage, often referred to in the context of evolution or family genealogy.