The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit.
B) marginal external benefit.
C) marginal social benefit.
D) opportunity cost.
C
Economics
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Which of the following is a consequence of extending the payback period of a student loan from 10 to 30 years?
A) higher monthly payments B) more interest paid over the life of the loan C) faster payoff of principal D) lower monthly payments initially, but higher monthly payments in the future
Economics
Which of the following is a private owner prohibited from doing?
a. selling the property to another person b. erecting a fence designed to keep others from using the property c. painting the property a color that others do not like d. using the property in a manner that invades or infringes on the property of another
Economics