Which Situation Involves an External Cost

question 304

Multiple Choice

Which situation involves an external cost?

• A) Winston doesn't understand his economics textbook-which was not written by Professor Chiang-and he feels he has wasted his money.
• B) Alma lives next to a freeway and the noise wakes her up every morning, against her wishes, at six o'clock.
• C) Pablo can't decide whether to go to Hong Kong for lunch or Paris for brunch, and he doesn't think it is fair that he can't do both.
• D) Johnston thinks that the price of gasoline is too high.

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Definitions:

Quantitative Research

A research method focusing on obtaining data that can be quantified and analyzed statistically to draw conclusions and test hypotheses.

Mixed-Methods Research

An approach that combines qualitative and quantitative research methods to gain a more comprehensive understanding of a research problem.

Contestable

Subject to disagreement or debate; not definitively settled and open to challenge.

Communication Scholars

Researchers and academics who study the processes, practices, and effects of communication in various contexts, including interpersonal, group, and mass media communication.