Transgenic Plants Can Presently Be Used for the Production of Human

question 8

True/False

Transgenic plants can presently be used for the production of human proteins, including human serum albumin.

Understand the concept of externalities and how they impact social welfare.

Identify positive externalities and examples of activities that generate them.

Discuss the role of government intervention in addressing externalities and achieving social optimum.

Explain the difference between marginal social benefit (MSB) and marginal social cost (MSC).