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:

Knowledge

Information, understanding, and skills that individuals acquire through experience or education.

Goal Setting

Determining goals that are clear, quantifiable, feasible, pertinent, and have a defined timeline.

Relevant Goals

Objectives that are pertinent and directly relate to the desired outcome or mission of an individual or organization.

Goal Commitment

The determination and persistence of an individual or group to achieve a set of objectives or targets.