When a Market Is Fully Corrected for Externalities, It

question 30

Multiple Choice

When a market is fully corrected for externalities, it:

• A)is equitable.
• B)maximizes surplus.
• C)makes everyone in society better off.
• D)All of these are true.

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Definitions:

Interventions

Actions taken to improve a situation, especially in the context of health, behavioral changes, or social policies.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Physical Activity

Any physical activity resulting from muscle contractions that leads to energy consumption, encompassing tasks performed during employment, play, domestic responsibilities, commuting, and leisure activities.

Regular Physical Activity

Engaging in physical exercises consistently, which improves overall health and reduces the risk of chronic diseases.