Which of the Following Statements Are TRUE

question 93

Multiple Choice

Which of the following statements are TRUE?
I. Market prices do not correctly signal the true costs and benefits to society when external costs are present.
II. Market prices do not correctly signal the true costs and benefits to society when external benefits are present.
III. Taxes and subsidies can adjust prices so that they do send the correct signals.

• A) I and III only
• B) II and III only
• C) I only
• D) I, II, and III

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Definitions:

Photovoice

A participatory research method where individuals capture their community or experiences through photographs, often used to highlight social issues.

Community-Based Participatory Research

A research approach that involves community members in the research process to address community-identified needs.

Document Experiences

The practice of recording details concerning one's personal experiences, often through journals, photographs, or videos, for personal reflection or sharing.

Copyright

A form of intellectual property law that protects original works of authorship, including literary, dramatic, musical, and certain other intellectual works.