The Outcome from a Voucher Scheme Is Efficient When the Government

question 7

Multiple Choice

The outcome from a voucher scheme is efficient when the government makes the value of the voucher equal to

• A)marginal external cost.
• B)marginal external benefit.
• C)private external cost.
• D)private external benefit.
• E)marginal social cost.

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Definitions:

Communication Problem

Challenges or issues faced during the process of transmitting information from sender to receiver.

Personal Communication

Exchange of information and ideas between individuals through verbal, non-verbal, or written means on a personal level.

Work Relationships

Interpersonal associations formed between colleagues within a workplace, influencing the work environment and productivity.

Communicating

The process of conveying information or expressing thoughts and feelings through verbal or non-verbal means.