Use the Figure Below to Answer the Following Questions

question 26

Multiple Choice

Use the figure below to answer the following questions.

Figure 16.3.3
-Refer to Figure 16.3.3. The figure shows the marginal private benefit and marginal social cost of a university education. Society's external benefit from university graduates is $10,000 each. With no subsidy,

• A)no students go to university.
• B)less than 10 million students go to university.
• C)10 million students go to university.
• D)more than 10 million students go to university.
• E)the market is efficient.

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Definitions:

Sufficiency Revolution

A paradigm shift towards valuing enough over excess, emphasizing sustainable living and resource use.

Energy Conservation

The practice of reducing the consumption of energy resources by using less of an energy service.

Environmental Literacy

The understanding of environmental concepts, issues, and data to make informed decisions regarding the environment.

Ecosystem Connections

Describes the interdependencies between living organisms, including plants, animals, and microbes, and their physical environment.