All of the Following Statements Are True Except ________

question 73

Multiple Choice

All of the following statements are true except ________.

• A)an externality is a cost or a benefit that affects someone other than the seller or the buyer of a good
• B)when an electric utility does not consider the cost of pollution when it decides how much power to produce, the result is overproduction
• C)an electric utility creates an external cost by burning coal
• D)all externalities create overproduction
• E)an external cost creates overproduction

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Definitions:

Homogamy

Homogamy refers to the pattern of individuals marrying others who have similar characteristics, such as background, race, age, and social status.

Social Mobility

Refers to the ability to move within the social hierarchy, which can be upward or downward, influenced by factors such as education, income, and occupation.

Cultural Backgrounds

The cultural heritage, traditions, and values that shape an individual's identity and perspectives, often influencing their behaviors, beliefs, and interactions with others.

Intragenerational Mobility

Movement between social classes that occurs during the course of an individual’s lifetime.