When Government Provides a Good with an External Benefit,to Attain

question 65

Multiple Choice

When government provides a good with an external benefit,to attain efficiency the price paid by consumers is set equal to the

• A) marginal private benefit at the efficient level of output.
• B) marginal private cost at the efficient level of output.
• C) amount paid by taxpayers.
• D) market-determined price.
• E) marginal external benefit at the efficient level of output.

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Definitions:

Negative Feelings

Emotional states characterized by distress, discontent, or displeasure, which can affect an individual's mood and behavior.

Conditions Of Worth

In person-centered therapy, these are conditions we think we must meet for other people to accept us, which can lead to distorting our self-concept.

Internalizing

The process of incorporating the norms, values, or behaviors of others into one's own self.

Positive Self-Regard

The personal acceptance and appreciation of oneself, including the ability to maintain a positive self-view.