Efficiency in the provision of a public good is achieved when its
A) total social benefit equals its total social cost.
B) average social benefit equals its average social cost.
C) marginal social benefit equals its marginal social cost.
D) marginal social benefit equals zero.
C
Economics
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On user market demand side:
What will be an ideal response?
Economics
In 2008, consumers were mailed a stimulus check in response to the recession. The result showed that Ricardian equivalence:
A. failed to hold, as most people spent a substantial share of the money. B. failed to hold, as most people saved the money. C. held, as most people saved the money. D. held, as most people spent a substantial share of the money.
Economics