Answer This Question Based on the Following Information for a Public

question 63

Multiple Choice

Answer this question based on the following information for a public good. Pₐ and Pᵦ represent the prices that citizens (a) and (b) , the only two people in this nation, are willing to pay for additional units of a quantity (Q_c ) of the public good. Qₛrepresents the quantity of the public good supplied by government at each of the collective prices. The collective willingness of this nation to pay for the fourth unit of the public good is

• A)$7.
• B)$6.
• C)$5.
• D)$3.

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Definitions:

Truman Doctrine

President Harry S. Truman’s program announced in 1947 of aid to European countries—particularly Greece and Turkey—threatened by communism.

Cold War

A period of geopolitical tension between the Soviet Union and the United States from the late 1940s to 1991, marked by espionage, political rivalry, and the threat of nuclear warfare.

Freedom Train

A seven-car exhibit train that toured the United States from 1947 to 1949 to promote American history and ideals.

Marshall Plan

U.S. program for the reconstruction of post–World War Ⅱ Europe through massive aid to former enemy nations as well as allies; proposed by General George C. Marshall in 1947.