Which Statement Is TRUE

question 198

Multiple Choice

Which statement is TRUE?

• A)It is possible to observe how much people benefit from consuming an additional unit of a public good.
• B)It is difficult to get an accurate estimate of the marginal social benefits of public goods because individuals have an incentive to distort the truth about their willingness to pay.
• C)Individuals tend to underestimate the amount of a public good that they desire.
• D)It is straightforward to estimate the marginal social benefits of public goods.

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Definitions:

Leader

A leader is a person who guides or directs others, often characterized by the ability to motivate, influence, and make decisions for the betterment of a group or organization.

Farsighted

The ability to anticipate and consider future trends, impacts, or results in decision-making and planning.

American Managers

Individuals in the United States who are responsible for directing and overseeing the operations and employees within an organization, characterized by a particular style influenced by American culture and business practices.

Strategic Farsightedness

The ability to anticipate future trends, challenges, and opportunities and develop long-term plans to guide an organization's direction successfully.