An External Cost

question 68

Multiple Choice

An external cost

• A)is a marginal benefit.
• B)results in underproduction.
• C)is a payment from the government to a producer.
• D)is a cost that affects someone other than the seller.
• E)is a payment from a producer to the government.

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Definitions:

Need For Achievement

A psychological drive that motivates individuals towards setting and accomplishing challenging goals to achieve a sense of accomplishment.

Need For Affiliation

A fundamental human desire to create and maintain social bonds and interpersonal connections.

Need For Power

A psychological drive that compels individuals to seek control or influence over others, or to seek positions of authority.

Psychological Factors

Elements that influence an individual's mental state and behavior, including emotions, attitudes, and thoughts.