An Externality Occurs Whenever

question 269

Multiple Choice

An externality occurs whenever

• A) private costs are the same as social costs.
• B) private costs are the same as internal costs.
• C) private costs diverge from social costs.
• D) private costs plus internal costs equal social costs.

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Definitions:

Family Interactions

The dynamic relationships and communication patterns that occur among members of a family.

Risk

The potential for losing something of value or encountering harm or loss.

Major Depressive Episode

A period characterized by severely depressed mood or a loss of interest in activities, causing significant impairment in daily life, typically lasting for at least two weeks.

Diagnostic Criteria

Standardized guidelines used in healthcare to identify and categorize diseases or disorders.