Question

Some scientists have said overuse of antibiotics is bad for public health. Economic theory assumes when patients or farmers choose whether to use more antibiotics, they compare:

a.  their private benefits with the social cost.

b. the social benefits with the market price.

c. their private benefits with the market price.

d. the social benefits with the social cost.

The marginal social cost of driving an SUV is equal to:

a. both the cost of producing and driving the vehicle.

b. only the cost of the pollution emitted by the vehicle.

c. both the cost of the vehicle's pollution and its operation (gas, etc.).

d. the cost of producing the vehicle.

Answer 1