Most economist would consider the marginal private benefit of education is
A) less than the marginal social benefit.
B) equal to the marginal social benefit.
C) greater than the marginal social benefit.
D) equal to the marginal social cost.
A
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Some amount of every security in existence is held in the hypothetical __________ portfolio
A) perfect B) market C) systematic D) nonsystematic
Cost-benefit analysts often encounter the problem that those who would benefit from government provision of a public good tend to
a. overstate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to overstate the costs they would incur from the public good. b. overstate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to understate the costs they would incur from the public good. c. understate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to overstate the costs they would incur from the public good. d. understate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to understate the costs they would incur from the public good.