If Production of a Good Produces an External Benefit, in Order

question 96

Multiple Choice

If production of a good produces an external benefit, in order for the marginal social cost to equal the marginal social benefit,

• A) the good could be subsidised.
• B) the good should be taxed.
• C) permits should be required to purchase the good.
• D) the government needs to take no action.

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Definitions:

Ethical Considerations

Reflections on how actions, decisions, or research can impact stakeholders morally and ethically, ensuring harm minimization and fairness.

Internet Sampling Frames

An Internet sampling frame refers to a structured approach for identifying and selecting samples for research studies using internet-based sources.

Convenience Sampling

A non-probability sampling method where participants are selected based on availability and willingness to take part, rather than random selection.

Researcher Convenience

A methodological approach where the ease of research execution for the researcher, rather than methodological rigor, determines key decisions.