The Optimal Reduction of an Externality Occurs When

question 34

Multiple Choice

The optimal reduction of an externality occurs when:

• A)society's marginal cost of reducing that externality is greater than its marginal benefit.
• B)public agencies could make a great deal of money.
• C)society's marginal cost and marginal benefit of reducing that externality are equal.
• D)society's marginal benefit of reducing that externality is greater than its marginal cost.

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Definitions:

Same-sex Parents

Parents of the same gender, whether through birth, adoption, or other means, raising children together.

Social Institutions

Established sets of norms and structures within society that shape the behavior and relationships of its members, such as the family, education, religion, and the legal system.

Sociological Research

The study of societal behaviors, patterns, and functions, often through empirical and theoretical analysis.

Academic Achievement

The level of success or proficiency achieved in educational settings, often measured by grades, tests, or degree attainment.