Suppose a politician asks consultants to calculate the total social cost and the social benefit of the
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Suppose a politician asks consultants to calculate the total social cost and the social benefit of the activities in a government agency. The politician discovers that total social benefits exceed total social costs. Does this imply that the activities of the agency should be increased to achieve efficiency?
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Not necessarily While the fact that total social benefits exceed total social costs is a positive indication it doesnt automatically imply that the ac...View the full answer
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Related Book For
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
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