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:

Longitudinal Research

A research design that involves repeated observations of the same variables (e.g., individuals) over short or long periods of time.

Project Head Start

Early childhood intervention program funded by the U.S. federal government that provides low-income children with nutritional, health, and educational services, as well as helps parents become involved in their children’s development.

Federal Government

The national government of a federated state, which shares sovereignty with its sub-national units.

Economically Disadvantaged

Pertaining to individuals or groups who lack financial resources or face economic hardship.