External Costs Are a Problem That Often Suggests Government Action

question 148

True/False

External costs are a problem that often suggests government action because the external costs are not included in the market price of a good.

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Definitions:

Myelination

The process of forming a myelin sheath around nerves to increase the speed at which impulses propagate.

Neural Impulses

Electrical signals that travel along the neurons, allowing communication between different parts of the body and the brain.

Specialization

The process of focusing on a narrow area of expertise or developing specific skills in a particular field or activity.

Dominant

In genetics, a term referring to the allele that masks the effect of a recessive allele for a particular trait when they are paired together.