Answer:
b. the marginal social benefit to exceed the marginal private cost of the last unit produced.
Explanation:
<u>Positive Externality-</u>
Positive Externality occurs when production or the consumption or of the good causes benefit to the third party.
For example, when the individual consume education in order to be uplifted and get a benefit but this education also benefits the society by uplifting the whole society.
<u>Positive externality causes the marginal social benefit to be greater than the marginal private benefit.</u>
Answer:
True
Explanation:
Bert Denton erhman is an American new testament scholar who focused on criticism of new testament, the history of Jesus and the development of early Christianity just like him criticizing the validity of oral culture in preserving history accurately.
Answer:The government is responsible for making decisions about how the country is run, including setting a policy agenda, proposing new laws and putting laws into action. The government plays an important role in shaping our society and making sure that Australians have the services and safeguards we need. Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.
