In General, Positive Externalities Result in

question 157

Multiple Choice

In general, positive externalities result in

• A)too much of a good being produced compared to the socially optimal level.
• B)the socially optimal output of a good being produced.
• C)too little of a good being produced compared to the socially optimal level.
• D)a higher price compared to the price charged at the socially optimal level.

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Definitions:

Universalism

The ethical concept that some principles or values are universally applicable and must be respected across all cultures and situations.

International Business

Commercial activities that involve transactions of goods, services, or resources between companies or consumers across national borders.

Social Responsibility

The obligation of an organization to act in ways that benefit society at large, beyond its own interests.

Ethical Standards

Principles that guide the behavior of individuals and organizations, ensuring actions are morally right and respectful towards others.