If Either the Production or Consumption of a Good Generates

question 145

Multiple Choice

If either the production or consumption of a good generates an external benefit, then the:

• A)social demand curve will lie to the right of the private demand curve.
• B)social demand curve will lie to the left of the private demand curve.
• C)social marginal cost curve will lie to the left of the private marginal cost curve.
• D)social marginal cost of the good will equal zero.

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Definitions:

Mobile Device Operating System

The operating system that runs on mobile devices such as smartphones and tablets, managing both hardware and software.

SIM Card

Short for Subscriber Identity Module, a removable smart card used in mobile phones and some other devices, storing user’s subscription information and phonebook data.

IMSI

International Mobile Subscriber Identity, a unique number associated with all cellular networks mobile phone users that helps in identifying the network to which the mobile phone belongs.

Phone Services

Various telecommunications services provided by carriers, including voice calls, text messaging, and internet access, through mobile or landline phones.