Free Markets Produce Too Little Output When

question 58

Multiple Choice

Free markets produce too little output when

• A)negative externalities exist
• B)positive externalities exist
• C)production uses fixed-production technology
• D)production uses variable technology
• E)the resource is exhaustible

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Definitions:

Short Term

Relating to or occurring over a short period of time.

Combat Veteran

An individual who has served in the military and has experienced combat or hostile environments.

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A general term for treating psychological problems and disorders, typically involving a systematic process of intervention by a trained professional.

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by intense, disturbing thoughts and feelings related to the experience.