When Marginal Private Benefit Is Equal to Marginal Private Cost

question 175

Multiple Choice

When marginal private benefit is equal to marginal private cost,

• A)the activity in question generates no negative externality.
• B)all negative externalities have been internalized.
• C)all positive externalities have been internalized.
• D)all of the above
• E)a or b

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Definitions:

First New Deal

A series of programs and policies introduced by President Franklin D. Roosevelt in the 1930s to counter the effects of the Great Depression in the United States.

Second New Deal

A phase of the New Deal programs enacted by President Franklin D. Roosevelt in 1935 focusing on social justice and the creation of a social safety net.

Agencies

Organizations or government departments with specific roles and responsibilities within the larger structure of the government or corporate entities.

Programs

Planned series of activities or events designed to achieve particular outcomes or objectives.