If a Positive Externality Exists,__________ for the Socially Optimal Output

question 7

Multiple Choice

If a positive externality exists,__________ for the socially optimal output to be reached.

• A) supply needs to decrease
• B) demand needs to increase
• C) demand needs to decrease
• D) a and c
• E) none of the above

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Definitions:

Hormonal Influences

the effects that hormones have on various aspects of behavior and physiology, affecting mood, growth, metabolism, and reproductive functions among others.

Identical Twins

Twins who have developed from a single fertilized egg and share all of their genes, known as monozygotic twins.

Developmental

Pertaining to the process of growth or development, especially the psychological and physiological growth and changes that occur in human beings throughout their lifespan.

Genetics

The branch of biology dealing with heredity and variation in organisms, explaining how traits are passed from parents to offspring.