If There Are External Costs of Production Not Accounted For

question 212

Multiple Choice

If there are external costs of production not accounted for, then marginal

• A) cost equals marginal social cost.
• B) cost is less than marginal social cost.
• C) cost is greater than marginal social cost.
• D) social cost is zero.

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Definitions:

Five-Factor Model

A widely accepted framework in psychology that describes personality using five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality

A mixture of feelings, thoughts, and actions that are unique to each individual, differentiating one from another.

Free Association

A method employed in psychoanalysis where the patient is encouraged to speak freely about anything that occurs to them, aiming to reveal hidden emotions and thoughts by avoiding self-censorship.

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's cognition, emotional regulation, or behavior, leading to distress or impairment in functioning.