Refer to Figure 7-1. Marginal private benefit is represented by ...

[student77]

Refer to Figure 7-1. Marginal private benefit is represented by which curve?
 
  A) D2
  B) Supply
  C) D1
  D) All of the above represent marginal private benefit.

Question 2

Explain why growth is not necessarily synonymous with development.
 
  What will be an ideal response?

[blazinlyss]

Answer to Question 1

C

Answer to Question 2

Growth is not necessarily synonymous with development because it may be difficult to transform growing output into economic benefits that reach most of a nation's people. Growth measures changes in income, whereas development measures the increase in the well-being of a nation's citizens. Economic development covers factors such as health and education.

[student77]

Great answer, keep it coming

[matt95]

Thanks for the timely response, appreciate it