A Benevolent Social Planner Would Prefer That the Output of Good

question 539

Multiple Choice

A benevolent social planner would prefer that the output of good x be increased from its current level if, at the current level of output of good x,

• A)social value = private value = private cost < social cost.
• B)social cost > private value = social value > private cost.
• C)social cost = private cost = private value < social value.
• D)social value = private cost = social cost > private value.

---

Definitions:

Shared Beliefs

Common ideas or values held within a group or community, contributing to its cultural or social cohesion.

Gender Stereotypes

Socially constructed ideas that prescribe the behaviors, roles, and attributes considered appropriate for individuals based on their perceived sex.

Emotionality

The quality or state of being emotional; the ability to express or handle emotional responses.

Instrumentality

An orientation toward action and accomplishment.