Externalities Are Only Inefficient When They Impose a Cost

question 178

True/False

Externalities are only inefficient when they impose a cost. They are not inefficient when they bestow a benefit.

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Definitions:

Psychosocial Task

A set of developmental challenges or issues that an individual is expected to address or accomplish during a specific period of their life.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans.

Neuromuscular System

The system that integrates muscles and nerves, controlling voluntary and involuntary movement in the human body.

Infant Development

The physical, cognitive, emotional, and social growth that occurs in babies from birth to the end of their first year.