In Cost-Benefit Analysis,regulatory Intervention Can Be Justified If the

question 137

Multiple Choice

In cost-benefit analysis,regulatory intervention can be justified if the

• A)Marginal benefit of regulation exceeds its marginal cost.
• B)Economic cost of regulation exceeds the value of the improvements in government intervention.
• C)Value of government failure exceeds the value of market failure.
• D)Intervention improves market outcomes,regardless of costs.

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Definitions:

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective, often observed in early childhood development.

Imaginary Audience

The aspect of adolescent egocentrism that involves attention-getting behavior motivated by a desire to be noticed, visible, and “onstage.”

Zone of Proximal Development

Vygotsky's concept indicating the difference between what a learner can do without help and what they can do with help or guidance.

Pretend Play

A form of play in which children use their imagination to create scenarios, roles, and activities, essential for cognitive and social development.