The Outcome from a Voucher Scheme Is Efficient When the Government

question 70

Multiple Choice

The outcome from a voucher scheme is efficient when the government makes the value of the voucher equal to

• A) marginal external benefit.
• B) marginal external cost.
• C) external benefit.
• D) external cost.

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Definitions:

Protein Synthesis

The process by which cells build proteins based on the genetic instructions provided by DNA and mediated by RNA.

Intrinsic Factor

A glycoprotein secreted by the stomach's parietal cells necessary for the absorption of vitamin B12 in the small intestine.

Vitamin B12

An essential nutrient important for maintaining nerve cells and aiding in the production of DNA and red blood cells.

Gastric Motility

The process of muscular contractions that mix and propel contents through the stomach.