________ is the benefit that a consumer of a good or service receives
A) Marginal private benefit
B) Marginal external benefit
C) Marginal social benefit
D) Both answers A and B are correct.
A
Economics
You might also like to view...
"A shortage in the loanable funds market occurs when the quantity of loanable funds supplied exceeds the quantity of loanable funds demanded." Explain why this statement is correct or incorrect
What will be an ideal response?
Economics
If a country fixes its exchange rate below the equilibrium value,
a. the result is an excess supply of that currency b. there will be downward pressure on the exchange rate c. its GDP will increase d. its GDP will decrease e. it will have to sell its own currency in order to eliminate the excess demand
Economics