Imagine an ideal scenario where world peace prevails and all nations are led by peace-minded leaders. In such a world, the
A) MB for defense goods would shift left.
B) MB for defense goods would shift right.
C) MC for defense goods would shift left.
D) MC for defense goods would shift right.

Question

Quizplus · Accepted Answer

In a world with peace-minded leaders, the marginal benefit (MB) of defense goods would decrease, leading to a leftward shift in the MB curve, as there would be less perceived need for defense spending.

Imagine an Ideal Scenario Where World Peace Prevails and All