To Maximize Society's Welfare,the Government Should Produce a Public Good

question 177

Multiple Choice

To maximize society's welfare,the government should produce a public good up to the point at which the marginal social benefit _____ the marginal social cost.

• A)equals
• B)exceeds
• C)is less than
• D)is equal to or greater than

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Definitions:

Vocal Cords

Elastic bands of muscle tissue in the larynx involved in producing sound through their vibration as air passes through.

Larynx

The voice box; an organ located in the neck responsible for producing sound.

Bronchi

The main air passages into the lungs, branching from the trachea and allowing air to flow in and out of the lungs.

Larynx

Often referred to as the voice box, an organ in the top of the neck involved in breathing, sound production, and protecting the trachea against food aspiration.