Efficient Provision of a Public Good Occurs When

question 68

Multiple Choice

Efficient provision of a public good occurs when:

• A)the marginal cost and the marginal social benefit curves intersect; the marginal social benefit curve is the sum of all the individual demand curves for the good.
• B)the marginal cost and the marginal social benefit curves intersect; the marginal social benefit curve reflects the costs and benefits of producing the good.
• C)each individual votes on the amount that is to be spent on public goods.
• D)the free market is left to determine the social costs and benefits.

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Definitions:

United States V. Wong Kim Ark

A landmark 1898 US Supreme Court case that established the principle of jus soli (right of the soil), granting birthright citizenship to children born in the US to foreign parents.

American Federation of Labor

An early national federation of labor unions in the United States, founded in 1886, that focused on skilled workers.

Ida B. Wells

An African American journalist, abolitionist, and feminist who led an anti-lynching crusade in the United States in the 1890s.

Economic Independence

The condition in which an entity or nation has sufficient resources to sustain its operations without relying on external support.