For a Negative Externality, the _______ Than the Costs Imposed

question 59

Multiple Choice

For a negative externality, the _______ than the costs imposed on society as a whole.

• A) private costs of an action are less
• B) social costs of an action are less
• C) private benefits of an action are more
• D) social benefits of an action are more

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Definitions:

Likely

Likely refers to a high probability or chance of something happening or being the case, often used to forecast outcomes based on current trends or evidence.

Evolution Of Money

The historical development and transformation of money from traditional bartering systems to modern digital currencies.

Physical Commodities

Raw materials or primary agricultural products that can be bought, sold, or traded, often through futures contracts.

Barter

The direct exchange of goods and services between parties without the use of money.