Which of the Following Is an External Cost Generated by the Use

question 33

Multiple Choice

Which of the following is an external cost generated by the use of automobiles?

• A)Congested highways impose a time cost on travelers.
• B)motor-vehicle accidents
• C)air pollutants
• D)all of the above

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Definitions:

Demand-Oriented

A pricing strategy that sets prices based on the customer's perceived value of the product or service, rather than the seller's cost.

Approximate Price

An estimated cost given to consumers for a product or service, not necessarily the final price.

Tarot-Card Readings

A form of fortune-telling or divination using a deck of tarot cards to gain insight into the past, present, or future by posing a question to the cards.

Federal Trade Commission

A U.S. federal agency established to enforce laws related to consumer protection and competition between businesses.