A Good That Has Social Costs That Are Equal to Private

question 149

Multiple Choice

A good that has social costs that are equal to private costs has a price that is

• A) too high.
• B) too low.
• C) just right.
• D) equal to marginal cost.

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Definitions:

Witness

Someone who sees an event, typically a crime or accident, take place.

Action Threshold

Strong suspicions that lead a teacher to take action and report suspected abuse or neglect.

Child Protective Services

Government agencies involved in providing social services aimed at ensuring children's safety and welfare, particularly in cases of neglect or abuse.

Ethical Guidelines

comprise the principles and standards that govern the conduct of individuals and organizations, ensuring behavior is consistent with moral and professional norms.