Which of the Following Correctly Describes the Deadweight Loss Associated

question 171

Multiple Choice

Which of the following correctly describes the deadweight loss associated with any positive externality?

• A) the cost borne by third parties if the externality is not internalized
• B) the benefit to third parties of keeping the externality in place
• C) the cost to consumers of government actions to internalize the externality
• D) the cost to producers of government actions to internalize the externality
• E) the combined cost,to consumers and producers,of government actions to internalize the externality

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Definitions:

Society Improvement

actions or policies aimed at enhancing the well-being, quality of life, and structural functionality of a community or society.

Collective Unconscious

A concept in psychology introduced by Carl Jung, referring to the part of the unconscious mind which is derived from ancestral memory and experience, common to all humankind.

Macrobiotic Diet

A dietary regimen that emphasizes eating whole grains, vegetables, and beans, often associated with a philosophy of balancing dietary yin and yang.

Self-actualization

A concept in psychology, representing the realization or fulfillment of one's talents and potential, considered as a drive or need present in everyone.