If the Basic Metric Unit Is Divided by _____, the Resulting

question 11

Multiple Choice

If the basic metric unit is divided by _____, the resulting unit prefix is micro-.

• A) 1 million
• B) 100,000
• C) 10,000
• D) 1000
• E) 100

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Definitions:

Negative Externalities

Unintended and uncompensated costs imposed by one party's actions on others not involved in the transaction.

Efficiency Loss

The loss of economic efficiency that can occur when the balance between supply and demand is not achieved, leading to potential welfare loss.

Deadweight Loss

See efficiency loss.

Marginal Cost

The increase in expenditure incurred from making one more unit of a product or service.