External Costs Occur Because

question 22

Multiple Choice

External costs occur because

• A)Private costs do not reflect the full costs to society.
• B)Government failure increases costs for the firm.
• C)All costs are absorbed by the firm.
• D)Firms make a choice other than the most cost-efficient production method.

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Definitions:

Sexual Inadequacy

Feelings or perceptions of not meeting the expected standards or abilities in sexual performance or attractiveness.

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and to their environments.

Foreign Solders

Likely intended as "Foreign Soldiers," which refers to military personnel from one country serving in foreign lands.

Damaged Property

Property that has been harmed or destroyed as a result of an accident, vandalism, or natural disaster.