Which of the Following Is the Main Reason for Externalities

question 156

Multiple Choice

Which of the following is the main reason for externalities?

• A) The full cost of a transaction is not borne by the buyer/seller of the product.
• B) Police enforcement of scalping is not uniformly enforced.
• C) the lack of organized exchanges for all goods and services
• D) The production of public goods uses up scarce resources.

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Definitions:

Civil Lawsuit

A legal dispute between two or more parties seeking monetary damages or specific performance rather than criminal sanctions.

Tort

A civil wrong or injury that leads to legal liability, allowing the injured party to seek compensation for damages caused by the tortfeasor.

Exploitation

Also referred to as financial abuse, it is the unauthorized or improper use of the resources of an elder for monetary or personal benefit, profit, or gain. Examples include forgery; misuse or theft of money or possessions; use of coercion or deception to surrender finances or property; or improper use of guardianship or power of attorney.

Elder

A term that refers to an older person, often used with respect and to acknowledge their wisdom and experience.