An External Cost Is a Cost of Producing a Good

question 76

Multiple Choice

An external cost is a cost of producing a good or service that is

• A) paid by the government.
• B) paid by the consumer and the government.
• C) not paid by the producers.
• D) paid by the producers.

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Definitions:

Employed Count

The total number of individuals in an economy who are currently employed or working.

Retired Naval Officer

An individual who has served as a commissioned officer in the Navy and has since retired from active service.

Ski Instructor

A professional trained to teach individuals how to ski, often employed at ski resorts.

Sixteen Years

This term does not specifically relate to a well-defined concept in economics or finance; it could be an age reference or duration but lacks context to be defined as a key term here.