Which of the Following Statements About Private and Social Costs

question 71

Multiple Choice

Which of the following statements about private and social costs associated with a negative externality is TRUE?

• A)Social costs include externalities.
• B)Private cost do not include externalities.
• C)Social costs are never smaller than private costs.
• D)All of the above.

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Definitions:

Apical Dominance

Effect in which a lengthening shoot tip inhibits the growth of lateral buds.

Auxin

A class of plant hormones involved in various aspects of plant growth and development, including cell elongation.

Hormone

Biological substances synthesized by glands in multicellular organisms, transported by the circulatory system to distant organs to regulate physiology and behavior.

Diploid

Refers to cells that have two sets of chromosomes, one from each parent.