An External Cost of Production Is

question 75

Multiple Choice

An external cost of production is

• A) a cost incurred by someone other than the producer.
• B) the production cost borne by a producer.
• C) the result of the sum of private and social cost.
• D) another word for a tax.

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Definitions:

Amygdala

A part of the brain involved in processing emotions, including fear and pleasure.

Emotion

A complex state of feeling that results in physical and psychological changes that influence thought and behavior.

Darwin's Contention

Charles Darwin's argument, primarily in "On the Origin of Species," that species evolve over time through natural selection.

Facial Expressions

Visible changes in the face that communicate emotion, reactions, or intention without using words.