When a Negative Externality Exists, _______________________ and Thus _______________ Intervention

question 35

Multiple Choice

When a negative externality exists, _______________________ and thus _______________ intervention may be needed to achieve efficiency.

• A)external costs are necessarily greater than private costs; government
• B)social costs equal private costs; no government
• C)social costs are less than private costs; government
• D)social costs are greater than private costs; government

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Definitions:

Manager Assigns

The process where a manager allocates tasks, responsibilities, or resources to employees or departments.

Individual's Involvement

The degree to which a person actively engages in and commits to a particular task, project, or organization.

Diversity Competency

The ability to understand, appreciate, and interact effectively with people from different cultures, backgrounds, and perspectives.

Lockheed Martin

A global aerospace, defense, security, and advanced technologies company with worldwide interests.