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:

Motor Activity

Physical movement or actions that are produced by the muscles in response to nerve signals.

Delusions of Reference

A false belief that innocuous occurrences or mere coincidences have significant personal meanings.

Delusions of Grandeur

A psychological condition where an individual believes they have more importance, power, or identity than is actually the case.

Delusions of Persecution

A type of delusion where a person believes they are being mistreated, spied on, or persecuted, often without any basis in reality.