In the Case of a Negative Externality

question 34

Multiple Choice

In the case of a negative externality,

• A)marginal external costs are greater than marginal private costs.
• B)marginal external costs are less than marginal private costs.
• C)marginal external benefits are greater than marginal private benefits.
• D)marginal external benefits are equal to marginal private costs.

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Definitions:

Quality Control Engineer

a professional who ensures that products meet required standards of quality through the design and implementation of testing procedures.

U.S. Laws

Regulations and statutes enacted by the legislative bodies at the federal, state, and local levels in the United States, governing various aspects of life and business.

External Applicants

Individuals who apply for a job vacancy but are not currently employed by the organization posting the job.

Qualified Applicants

Individuals who meet the specified requirements and criteria for a job, based on their skills, experience, and education.