External Costs That Force Costs (In Terms, for Example, of Polluted

question 18

Multiple Choice

External costs that force costs (in terms, for example, of polluted air or water) onto others are also known as

• A) non-excludable issues.
• B) collective action problems.
• C) negative externalities.
• D) non-rival goods

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Definitions:

Abstract Components

Non-concrete, intangible elements or aspects of something, often relating to ideas or concepts rather than physical traits.

Information Processing System

A framework for understanding how humans perceive, think about, and remember information, often likened to the operation of a computer.

Automatization

The process of making actions or processes automatic, reducing the need for conscious attention in their execution.

Encoding

The procedure of changing data into a format that allows for its storage in memory.