The Efficient Quantity of a Public Good Is Provided When

question 102

Multiple Choice

The efficient quantity of a public good is provided when the economy's

• A) total benefit from the good equals its total cost.
• B) total benefit from the good is less than its total cost.
• C) marginal social benefit from the good equals its marginal social cost.
• D) marginal social benefit from the good is greater than its marginal social cost.

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Definitions:

Avoidance Learning

A process by which an individual learns a behavior to avoid an unpleasant or aversive stimulus.

Electric Shock

A sudden discharge of electricity through a part of the body, causing injury or temporary disturbance to its function.

Shuttle Box

An experimental apparatus used in animal learning research, typically for studying avoidance or escape conditioning, consisting of two compartments separated by a hurdle.

Escape Responding

A behavior modification strategy where the subject learns to avoid or escape an unpleasant stimulus.