A Consequence of a Negative Externality Is That Social Costs

question 60

Multiple Choice

A consequence of a negative externality is that social costs __________ private costs,and the efficient level of output __________.

• A) equal; does not require any type of government intervention
• B) are less than; requires the government to create a subsidy
• C) are greater than; requires the government to impose a tax
• D) are greater than; requires the government to create a subsidy
• E) are less than; requires the government to impose a tax

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Definitions:

Formed Elements

Cellular components of blood, including red blood cells, white blood cells, and platelets.

White Blood Cell

Immune system cells responsible for defending the body against infectious diseases and foreign substances.

Engulfing

The process by which cells absorb particles by enveloping them, typical in immune responses and nutrient intake.

Protection

The act of shielding something from harm or maintaining its safety through various means.