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>
This is similar to the symptom of schizophrenia called inappropriate affect. An inappropriate effect is an emotional expression that is inadequate or inharmonious with the situation or the event that is taking place, due to its intensity or quality. In Tourette disorder, the person cannot regulate this symptom despite being aware of the inappropriateness of his message and behavior.
I hope my answer can help you.
Imported goods.
Explanation:
Tariffs increase the prices of imported goods. Because the price has increased, more domestic companies are willing to produce the good, so Qd moves right. This also shifts Qw left. The overall effect is a reduction in imports, increased domestic production, and higher consumer prices.
B. Richard Nixon
He was president during that time so that’s the only logical answer
