A Negative Externality Exists When

question 21

Multiple Choice

A negative externality exists when

• A)marginal social costs are less than marginal private costs.
• B)marginal social costs are greater than marginal private costs.
• C)marginal social benefits are less than marginal private benefits.
• D)marginal social benefits are greater than marginal private benefits.
• E)b and c

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Definitions:

Stone

A solid aggregate of one or more minerals or mineraloids.

Egg

A reproductive cell produced by females of various species, including birds, reptiles, amphibians, and humans (ova).

Information-Processing Model

A framework in cognitive psychology that describes the mind's ability to process information through various stages, similar to a computer.

Sensory Register

The initial processing center for incoming sensory information, capturing brief impressions from each of the senses.