Which of the Following Statements Is INCORRECT

question 63

Multiple Choice

Which of the following statements is INCORRECT?

• A) When external benefits exist in a market, Qmarket < Qefficient.
• B) When external benefits exist in a market, social surplus is maximized when social benefits equal the marginal costs of production.
• C) When external costs exist in a market, Qmarket > Qefficient.
• D) Through taxation, government action can result in Qmarket = Qefficient.

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Definitions:

Relief Background

Refers to the context or historical background that influences the creation and interpretation of relief art, which is sculptural technique where the design sticks out from the background.

Groin Vault

An architectural feature formed by the intersection at right angles of two barrel vaults, creating a ribbed or groined surface.

Barrel Vault

An architectural element that forms a continuous arch, resembling the shape of a barrel cut in half lengthwise.

Round Arch

A curved architectural element that spans an opening, commonly used in Roman and Romanesque architecture.