Use the Following to Answer Question

question 128

Multiple Choice

Use the following to answer question:
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.If 1 acre is dedicated to the park,this outcome is _____ because _____.

• A)efficient;MSB = MSC
• B)efficient;MSB > MSC
• C)inefficient;MSB > MSC
• D)inefficient;MSB < MSC

---

Definitions:

Cultural Adaptation

The process of adjusting and acclimating to a new culture when living in it.

Disintegration

The process of breaking down into smaller parts or elements, leading to the loss of cohesion or unity.

Nervousness

A feeling of anxiety, unease, or apprehension often experienced before an important event or in uncertain situations.

Hofstede's Dimensions

A framework for understanding cultural differences across societies, defined by six dimensions including power distance, individualism versus collectivism, and uncertainty avoidance.