Throughout the 3

question 36

Multiple Choice

Throughout the 3.5 billion year history of life on the earth,there has been a natural,low rate of species extinction know as ____.

• A) mass extinction
• B) secondary extinction
• C) biological extinction
• D) background extinction rate
• E) tertiary extinction

---

Definitions:

Private Costs

The costs that are incurred by an individual or a company when producing goods or services.

Bystanders

Individuals who are present at an event or incident but do not take part in it, often discussed in the context of emergency situations or accidents.

Congestion Toll

A fee charged to drivers who use certain roads during peak periods, intended to reduce traffic congestion by discouraging the use of those routes.

Internalizing

The process of absorbing or taking in information, values, or costs, often used when discussing the incorporation of external costs into market prices.