A Benevolent Social Planner Would Prefer That the Output of Good

question 41

Multiple Choice

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

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

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Definitions:

Trackball

A pointing device consisting of a ball housed in a socket containing sensors to detect rotation.

Clipboard

A temporary storage area in operating systems and applications for data that the user wishes to copy from one place to another.

Copy

The action of duplicating data or files from one location to another; commonly used in computer operations to create a duplicate instance of a file.

Move

The action or command in computing to change the location of files, directories, or objects from one place to another.