For a Common Resource,the Marginal Private Benefit of the Resource

question 28

Multiple Choice

For a common resource,the marginal private benefit of the resource is

• A) greater than the marginal social benefit.
• B) equal to the marginal social benefit.
• C) less than the marginal social benefit.
• D) not comparable to the marginal social benefit.
• E) not defined because the resource is nonexcludable.

---

Definitions:

Hatch Act

A federal law in the United States that prohibits employees in the executive branch of the federal government, except the president, vice-president, and certain designated high-level officials, from engaging in some forms of political activity.

Government Programs

Initiatives and services provided by the governmental bodies designed to meet public needs, including welfare, healthcare, and infrastructure projects.

Regulations

Rules or directives made and maintained by an authority, designed to control or govern conduct within specific areas of activity.

Mandates

Instructions or directives given by the electorate to elected officials, or the authority granted to a government or its representatives to govern after an electoral victory.