All Externalities

question 458

Multiple Choice

All externalities

• A)cause markets to fail to allocate resources efficiently.
• B)cause equilibrium prices to be too high.
• C)benefit producers at the expense of consumers.
• D)cause equilibrium prices to be too low.

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Definitions:

Life Expectancy

A statistical measurement of the average time an organism is expected to live, based on the year of their birth, their current age, and other demographic factors.

Lifespan

The duration of time from birth to death in the life of an organism, during which it undergoes various stages of development and aging.

Disability Rates

Disability rates indicate the proportion of a population that experiences disability, encompassing various types of physical, mental, or developmental conditions.

Increasing

Increasing refers to a situation or phenomenon that is growing in size, number, value, or intensity over a period of time.