For a common resource, efficiency requires that the ________ equals the ________
A) marginal private benefit; marginal private cost
B) marginal social benefit; marginal social cost
C) marginal private benefit; marginal social benefit
D) marginal social cost; marginal private cost
B
Economics
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Which of the following increases the demand for a good or service?
A) a fall in the price of the good or service B) a smaller number of consumers wanting to buy the good or service C) a rise in the price of the good or service D) a rise in the price of a substitute good or service E) a rise in the price of a complement
Economics
For most welfare recipients, the negative income tax plan would increase incentives to work
a. True b. False Indicate whether the statement is true or false
Economics