Which of the Following Statements Is False

question 105

Multiple Choice

Which of the following statements is false?

• A)A positive externality is internalized if the person that generated the externality incorporates into his or her own private cost-benefit calculations the external benefits that third parties receive.
• B)Internalizing externalities is not the same as adjusting for externalities.
• C)An externality has been completely internalized if the socially optimal output emerges.
• D)Assigning property rights is one way to internalize externalities.

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Definitions:

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, and stroke.

Weight Gain

The increase in body weight over a period of time, which can result from a variety of factors including diet, exercise, and underlying health conditions.

Early Adulthood

A stage of human development that occurs roughly between the ages of 18 to 25, marked by increased independence and responsibility.

Binge Drinking

Heavy episodic drinking; consuming five or more alcoholic beverages in one sitting for men and four drinks in one sitting for women.