Possible Solutions to the Misallocations Created by Externalities Include

question 64

Multiple Choice

Possible solutions to the misallocations created by externalities include:

• A)private bargaining but not internalization.
• B)internalization.
• C)central planning.
• D)internalization but not public regulation.

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Definitions:

Arteriosclerosis

The thickening, hardening, and loss of elasticity of the walls of arteries, which can restrict blood flow to organs and tissues.

Cardiovascular Risk

The likelihood of experiencing heart-related problems, such as heart attack or stroke, based on individual health factors and lifestyle choices.

Pacemaker

A medical device implanted in the chest to help control abnormal heart rhythms by using electrical pulses to prompt the heart to beat at a normal rate.

Abnormal Heart Rhythm

A condition where the heart beats too fast, too slow, or with an irregular pattern.