Mark Zuckerberg Believes Everyone in the World Should Have Internet

question 64

Multiple Choice

Mark Zuckerberg believes everyone in the world should have Internet access.

• A) This is a positive statement and is not in the social interest if the marginal benefit of Internet access exceeds the marginal cost.
• B) This is a positive statement and is not in the social interest if the marginal cost of Internet access exceeds the marginal benefit.
• C) This is a normative statement and is not in the social interest if the marginal benefit of Internet access exceeds the marginal cost.
• D) This is a normative statement and is not in the social interest if the marginal cost of Internet access exceeds the marginal benefit.

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Definitions:

Tariff

A tax imposed on imported goods, designed to protect domestic industries by making foreign products more expensive.

Domestic Price

The cost of goods or services within a country’s borders, as opposed to international or foreign prices.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specific time period.

Tariff

is a tax imposed by a government on goods and services imported from other countries to protect domestic industries from foreign competition.