The Third Fibonacci Number Is ____

question 2

Multiple Choice

The third Fibonacci number is ____.

• A) the sum of the first two Fibonacci numbers
• B) the sum of the last two Fibonacci numbers
• C) the product of the first two Fibonacci numbers
• D) the product of the last two Fibonacci numbers

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).

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Definitions:

Affirmative Action

Policies or practices within organizations aimed at increasing opportunities for historically marginalized groups by considering those group memberships in decisions.

Historical Injustice

Refers to wrongs done in the past that have long-lasting effects, often leading to calls for reparations or apologies.

Ethnic Diversity

The presence of a wide range of ethnic groups within a society, contributing to cultural variety and complexity.

Real Crisis

A genuine and pressing situation that poses a significant threat to individuals or communities, requiring urgent action.