The social benefit of a given level of a public good is the vertical sum of all private benefits for that level. True or false?

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Social Studies

Orlando Hooper

23 September, 16:16

The social benefit of a given level of a public good is the vertical sum of all private benefits for that level. True or false?

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Sophie Maldonado · Answer 1

True. The social benefit of a given level of a public good is the vertical sum of all private benefits for that level.

A social benefit is a benefit that is given to everyone under the social security system. A public good is a good that is provided without profit to all members of society by the government or another organization.