A Consequence of a Negative Externality Is That Social Costs

question 40

Multiple Choice

A consequence of a negative externality is that social costs __________ private costs, and the socially optimal level of output __________.

• A)equal; is not equal to social costs or private costs
• B)do not equal; is obtained
• C)do not equal; is not obtained
• D)equal; is obtained
• E)equal; is not obtained

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Definitions:

Human Resource Problems

Issues related to the management of employees within an organization, including recruitment, employment, and retention.

Developing Nations

Countries with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) ratings compared to more industrialized nations.

Capital Flight

The rapid movement of large sums of money or capital out of a country, typically to avoid economic instability or unfavorable conditions.