When Is an Externality Present

question 22

Multiple Choice

When is an externality present?

• A) when the private marginal cost of an activity exceeds the private marginal benefit
• B) when the social marginal cost of an activity exceeds the private marginal cost
• C) when the social marginal cost of an activity exceeds the social marginal benefit
• D) when the social marginal benefit of an activity is less than the private marginal benefit

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Definitions:

Vigilant to Prejudice

The state of being acutely aware of and actively responsive to instances of prejudice or discrimination.

Willing to Cooperate

A disposition or readiness to work together with others towards common goals or interests.

Female Engineering Students

Refers to women who are pursuing or have completed their education in the field of engineering, which historically has been male-dominated.

Sexist Men

Males who harbor beliefs, attitudes, or behaviors that discriminate against women based on gender.