Negative Externalities Are Often Referred to as

question 67

Multiple Choice

Negative externalities are often referred to as

• A) full absorption costs.
• B) social costs.
• C) allocated costs.
• D) environmental costs.

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Definitions:

Federal Government

The national government of a federated state, which holds the authority to govern at a level above individual states or provinces.

Opportunity Cost

The expense associated with missing out on the second-best choice while deciding among multiple possibilities.

Efficient Markets

A concept that asserts that financial markets are "informationally efficient," meaning that prices of securities reflect all available information at any given time.