As a General Rule, Society Should Provide a Public Good

question 33

Multiple Choice

As a general rule, society should provide a public good until that point at which the marginal benefit to society of having one more unit produced is __________________ the marginal cost of the good

• A) less than
• B) equal to
• C) greater than

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Definitions:

Personal Construct Theory

A psychological theory developed by George Kelly in 1955, proposing that individuals use personal constructs (mental models) to understand and interpret their experiences.

Sociality Corollary

A principle suggesting that the establishment and understanding of personal identity are significantly influenced by social relationships and interactions.

Individuality Corollary

A concept suggesting that individuals perceive events and entities in a unique manner based on their personal construct system.

Corollary

A proposition that follows from one already proven, a natural consequence or result.