The Golden Rule can be used as a private solution for
A)subsidizing higher education.
B)internalizing externalities.
C)increasing production.
D)reducing scarcity.

Question

Quizplus · Accepted Answer

The Golden Rule, which is to treat others as you would like to be treated, can serve as a private solution for internalizing externalities. By considering the impact of one's actions on others and treating them as one would like to be treated, individuals can reduce the negative externalities created by their behavior, leading to more efficient and equitable outcomes. However, the Golden Rule is not a solution for subsidizing higher education, increasing production, or reducing scarcity.

The Golden Rule Can Be Used as a Private Solution