Which of the Following Is True

question 194

Multiple Choice

Which of the following is true?

• A)Competitive markets that are free of government interference will efficiently price externalities.
• B)Nonmarket economies have historically created less environmental damage than market economies.
• C)Externalities are rare and in practice are not relevant to policy makers.
• D)Public institutions, private firms, and consumers all create externalities.

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Definitions:

Quality Output

The degree to which a product or service meets specified requirements and satisfies customer expectations.

Cypress Packing Boxes

Specialized packing boxes made from cypress wood, known for its durability and resistance to decay.

Productivity

The measurement of efficiency in production, often quantified as the ratio of outputs to inputs in a given time period.

Shifts

Designated working hours for employees or machinery in a company, often structured in patterns to ensure continuous production or service availability.