The Outcome from a Voucher Scheme Is Efficient When the Government

question 366

Multiple Choice

The outcome from a voucher scheme is efficient when the government makes the value of the voucher equal to

• A) marginal external cost.
• B) marginal external benefit.
• C) external cost.
• D) external benefit.

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Definitions:

Roman Philosopher

A philosopher from ancient Rome who contributed to various fields of philosophy, including ethics, politics, metaphysics, and logic.

Virtue Prescription

Virtue prescription refers to the advocacy or recommendation of moral virtues as guidelines for ethical behavior and good living.

Generous

Showing a readiness to give more of something, especially money or time, than is strictly necessary or expected.

Charitable

Related to the act of giving help, especially financial support, to those in need.