If a Good That Involves External Costs Is Priced to Take

question 49

Multiple Choice

If a good that involves external costs is priced to take these costs into account,then its price will likely:

• A)fall,and output will likely rise.
• B)rise,and output will likely fall.
• C)not change,but output will likely fall.
• D)rise,but output will likely stay the same.

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Definitions:

Psychotherapy

A treatment method for mental health conditions involving talking with a mental health professional to explore thoughts, feelings, and behaviors to achieve desired change.

Hostile Attitude

Exhibiting aggression or animosity towards others or towards specific ideas.

DSM-IV-TR

The fourth edition, text revision, of the Diagnostic and Statistical Manual of Mental Disorders, a guide used by clinicians to diagnose mental disorders.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and create distress for the person affected.