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Economics
MEDIUM
ENGLISH
Economics
Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true ?
it is efficient for the government to tax the resident €2,000 each and repair the road
Correct answer
B
It is efficient for each neighbour to pay €3,000 to repair the section of street in front of his/her home
Option B
C
None of these answers are true
Option C
D
it is not efficient to have the street repaired
Option D
Correct answer: A
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