Exhibit 30-5 ​

question 143

Multiple Choice

Exhibit 30-5
​

-Refer to Exhibit 30-5. If a positive externality exists then the socially optimal output is

• A)Q₁.
• B)Q₂.
• C)Q₁ - Q₂.
• D)Q₂ - Q₁.

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Definitions:

Task System

The Task System was a labor system where enslaved people were assigned daily tasks to complete and were allowed some personal time upon the completion of those tasks.

Labor Intensive

Describes industries or processes that require a large amount of labor to produce goods or services, often involving significant human effort and minimal automation.

Slaves

Individuals forcibly held and compelled to work without freedom or personal rights.

Task System

A labor system, particularly used in the context of slavery, where enslaved individuals were assigned specific tasks to complete each day.