If Too Little of a Good Is Being Produced in the Free

question 126

Multiple Choice

If too little of a good is being produced in the free market,the production of the good is likely to have a ________.

• A) positive externality
• B) negative externality
• C) low per-unit cost of production
• D) high opportunity cost of production

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Definitions:

Evolutionary History

A chronicle of the development and changes in populations or organisms over generations.

Three-Domain System

Classification system that places all organisms into one of three large domains—Bacteria, Archaea, and Eukarya.

Archaea

A domain of single-celled microorganisms without a nucleus, distinct from bacteria and eukaryotes, often found in extreme environments.

Eukarya

One of the three domains of life, consisting of organisms with cells characterized by a nucleus enclosed within membranes.