When Government Makes It Possible to Externalize the Cost of a Good

question 295

Multiple Choice

When government makes it possible to externalize the cost of a good:

• A) there will be an optimal quantity of the good.
• B) there will be an insufficient quantity of the good.
• C) there will be too much of the good.
• D) the good will not be produced at all.

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Definitions:

Successful

Achieving one's aims or attaining prosperity, fame, or a desired result.

Strategies

Plans or methods devised to achieve a specific goal or solve a problem.

Reticular Activation System

A network of neurons located in the brainstem that regulates wakefulness and sleep-wake transitions.

Basic Tendency

An inherent inclination or predisposition of an individual's personality that remains relatively stable over time, irrespective of external factors.