-If an External Benefit Is Present, Then the

question 61

Multiple Choice

-If an external benefit is present, then the

• A) marginal social cost curve lies above the marginal private benefit curve.
• B) marginal private benefit curve lies above the marginal private cost curve.
• C) marginal social benefit curve lies above the marginal private benefit curve.
• D) marginal social benefit curve is the same as the marginal private benefit curve.
• E) marginal social benefit is equal to the marginal social cost.

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Definitions:

Culture

The arts, beliefs, and customs that are passed down from generation to generation within a society.

Stereotyping

The act of assigning generalized attributes to individuals based on their membership in a particular group, without acknowledging individual differences.

Xenophobia

A fear or hatred of foreigners or strangers.

Pluralism

A concept in sociology and political science that acknowledges a diverse society where multiple groups maintain their independent cultural traditions.