A Positive Externality Exists When

question 142

Multiple Choice

A positive externality exists when

• A)marginal social costs are less than marginal private costs.
• B)marginal social costs are greater than marginal private costs.
• C)marginal social benefits are less than marginal private benefits.
• D)marginal social benefits are greater than marginal private benefits.

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Definitions:

Code of Conduct

A set of guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Company Code

A unique identifier assigned to a specific company or organization, often used in internal and external tracking systems.

Social Audits

A process in which an organization's processes and practices are evaluated for their social impact, adherence to social values, and compliance with social objectives.

Volunteer Work

Unpaid work performed by individuals or groups, typically for charitable, non-profit, or community-based organizations.