Rank the Following Compounds in Order of Decreasing Basicity,putting the Most

question 65

Multiple Choice

Rank the following compounds in order of decreasing basicity,putting the most basic first.

• A)I > II > III > IV
• B)I > III > II > IV
• C)IV > III > I > II
• D)II > I > III > IV

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Definitions:

Marginal Social Cost

This refers to the entire cost society bears for the production of an additional unit of a good, including both private costs borne by producers and external costs absorbed by others.

Common Resource

A resource like air or water that is non-excludable and rivalrous, meaning it's difficult to prevent anyone from using it, and one person's use diminishes others' use.

Common Resource

A resource like air or water that is not owned by anyone, but can be used freely by the public, often leading to overuse and depletion.

Socially Optimal

A condition or point at which the benefit to society is maximized, often considered in economic contexts to represent the most efficient allocation of resources.