The Figure Given Below Shows the Marginal External Benefit Curve

question 43

Multiple Choice

The figure given below shows the marginal external benefit curve (MEB) of the country from the production of domestic mopeds. The increase in external benefits to the nation of the increased production of mopeds because of the tariff is:

• A)$13.25 million.
• B)$2.5 million.
• C)$5 million.
• D)$7.5 million.

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Definitions:

Social Stability

The condition in which a society is steady and functioning without abrupt changes, maintaining harmony and continuity over time.

Social Advancement

The process of improving the social status of individuals or groups, often through education, employment, or political reform.

Racial Equality

The principle that individuals should not be discriminated against or receive unequal treatment based on their race.

Second Great Awakening

Religious revival movement of the early decades of the nineteenth century, in reaction to the growth of secularism and rationalist religion; began the predominance of the Baptist and Methodist Churches.