Externalities

question 10

Multiple Choice

Externalities

• A) are always detrimental.
• B) are always beneficial.
• C) arise when all costs, external and private, are included in production cost.
• D) cause the price system to misallocate resources.

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Definitions:

Epiglottis

A flap of cartilage located at the entrance of the larynx, preventing food and drink from entering the windpipe during swallowing.

Vocal Cords

Bands of tissue in the larynx that vibrate to produce sound, essential for speech and singing.

Endotracheal Tube Cuff

A balloon at the end of an endotracheal tube that, when inflated, seals the airway, allowing for mechanical ventilation and protection against aspiration.

Ventilator

A mechanical device used to support or mimic the process of breathing by moving breathable air into and out of the lungs.