Vouchers Create the Efficient Outcome Only If Production Is Such

question 198

Multiple Choice

Vouchers create the efficient outcome only if production is such that the marginal social cost

• A) exceeds the marginal private benefit.
• B) equals the marginal external benefit.
• C) equals the marginal social benefit.
• D) is decreased so it equals the marginal private cost.

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Definitions:

Patriarchal System

A societal organization where men primarily exercise control, excelling in political leadership positions, holding moral authority, enjoying social privileges, and managing property.

Frigid

in a non-sexual context, means very cold in temperature; in a psychological context, it may describe a person having a lack of sexual responsiveness or desire.

Madam

A woman who manages or owns a brothel; often used as a polite form of address for a woman.

Pimp

A person who controls and profits from the commercial exploitation of others, typically in the context of prostitution.