One Consequence of a Negative Externality Is That

question 144

Multiple Choice

One consequence of a negative externality is that

• A)social costs are greater than private costs.
• B)private costs are greater than social costs.
• C)the marginal private cost curve slopes upward.
• D)the market output is less than the socially optimal output.

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Definitions:

Nuclear Family

Family in which a married couple resides together with their children.

Attitudes Toward Sex

Individuals' beliefs, feelings, and values regarding sexuality, sexual orientation, and sexual behaviors, which can vary widely across different cultures and societies.

Different Generations

Refers to distinct groups within a society separated by birth years, who often have different values, attitudes, and experiences.

Fluctuate Over Time

Describes how values, quantities, or conditions change irregularly and unpredictably over a period.