A voucher can eliminate the deadweight loss and lead to an efficient outcome if the value of the voucher equals the ________ of the good
A) marginal external benefit
B) marginal social benefit
C) marginal private benefit
D) marginal social cost
A
Economics
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The formula for the multiplier can be written as change in
a. Y/change in I. b. I/change in Y. c. Y/change in C. d. Y/change in GDP.
Economics
If a price ceiling is not binding, then
a. the equilibrium price is above the price ceiling. b. the equilibrium price is below the price ceiling. c. it has no legal enforcement mechanism. d. None of the above is correct because all price ceilings must be binding.
Economics