A government-sponsored good is often

Under which one of the following conditions will economic theory indicate that all of a resource should be consumed in the current period?

a. Whenever the discount rate is positive b. When the marginal net benefits in the current period are always greater than the marginal net benefits in the future c. When substitute resources are available d. When the marginal net benefits in the future are not discounted e. When the users costs are positive Feedback

The egalitarian principle of income refers to

A) each person being paid differently. B) each person receiving the same income. C) each person receiving tax breaks. D) each person working the same number of hours.