Which of the Following Activities Represents an External Cost

question 119

Multiple Choice

Which of the following activities represents an external cost?

• A) the increase in local property values when the city creates a neighbourhood park
• B) the price you pay for the prime ribs that you consume at a local restaurant
• C) the reduction in the incidence of chicken pox when children are inoculated against the disease
• D) the damage to a person's health from second-hand smoke

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Definitions:

Prevalent

Widely existing or occurring; commonly found or practiced in a particular area or context.

Branded Social Interactions

Online engagements between consumers and brands on social media platforms that are influenced by the brand's messaging or presence.