The Existence of Negative Externalities

question 103

Multiple Choice

The existence of negative externalities:

• A) prevents the market from working efficiently.
• B) prevents government from intervening in the marketplace.
• C) causes the market to work more effectively.
• D) necessarily means that government must intervene in the marketplace.

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Definitions:

Totems

Objects, animals, or plants considered by certain societies to have spiritual significance and often acting as emblems for clans or families.

Clan Groups

Social groups characterized by common descent from a shared ancestor, often forming the basic units in tribal societies.

Mythical Origin

Pertains to a legendary or fictional account explaining the beginning or creation of something, often involving gods or supernatural events.

Kindreds

A network of relatives within which individuals possess rights and obligations; often extending beyond immediate family.