Which of the Following Answers Correctly Identifies Social Cost

question 80

Multiple Choice

Which of the following answers correctly identifies social cost?

• A) market price + external cost = social cost
• B) external cost - market price = social cost
• C) market price + cost of production = social cost
• D) negative externality + positive externality = social cost

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Definitions:

Client's Belief

The personal convictions or faith that a client holds, which can influence their thoughts, feelings, and behaviors.

Confrontation

A direct engagement or encounter between differing parties, often implying a challenging or aggressive interaction.

Information Giving

The process of providing relevant data or facts to help individuals understand a topic or situation better.

Smiling

A facial expression formed by flexing the muscles at the sides of the mouth, often signaling happiness, approval, or social connection.