Suppose That a Negative Externality Creates $1 Billion Worth of Costs

question 75

Multiple Choice

Suppose that a negative externality creates $1 billion worth of costs to third parties. The government attacks the problem with regulations that cut the cost of the externality to $500 million but cost business and consumers $1.5 billion. This situation illustrates the idea that:

• A) regulations are an effective way to curb externalities.
• B) externalities can never be corrected.
• C) correcting market failure can result in government failure.
• D) getting rid of externalities requires a great deal of necessary sacrifice for all of us.

Describe common conditions and diseases affecting the ear.

Understand the anatomy and physiology of the ear, including the outer, middle, and inner ear structures.

Explain the process and importance of hearing.

Recognize the medical and surgical treatments for ear conditions.

---

Definitions:

Demographic Composition

Refers to the statistical characteristics of a population, such as age, sex, income level, and educational attainment.

Provincial Jurisdiction

The legal authority granted to provincial governments to legislate and govern over certain areas or subjects within their geographical region.

Employment Equity Plan

A strategy aimed at eliminating discrimination and increasing inclusion in the workplace by ensuring fair representation of all groups.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.