If the Marginal Social Benefit of Consuming a Good or a Service

question 67

Multiple Choice

If the marginal social benefit of consuming a good or a service exceeds the marginal private benefit

• A)a negative externality exists.
• B)the market achieves economic efficiency.
• C)a positive externality exists.
• D)the sum of consumer surplus and producer surplus is maximized.

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Definitions:

Tangles

Twisted masses of threads made of a protein called tau within the neurons of the brain.

Cognitive Impairment

A broad term describing any characteristic that acts as a barrier to the thought process, including memory loss, difficulty in learning new tasks, or making decisions.

Physical Exercise

Any physical activity that improves or sustains physical well-being and general health.

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can hinder performance in various domains, such as academics.