The Outcome from a Voucher Scheme Is Efficient When the Government

question 366

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) external cost.
• D) external benefit.

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Definitions:

Fresh Fruits

Edible, unprocessed parts of plants, typically consumed for their nutritional value and taste.

Impaired Vision

A reduction in visual ability that cannot be corrected fully with glasses, contact lenses, eye drops, or surgery.

Overhead Lighting

Illumination provided from lights installed on a ceiling, offering broad, consistent light coverage in a room or area.

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Books printed with larger than normal letters to assist individuals with vision impairments.