Which of the Following Occurs When an Externality Is Internalized

question 4

Multiple Choice

Which of the following occurs when an externality is internalized?

• A) An increase in social well-being
• B) An increase in private benefit
• C) An increase in deadweight loss
• D) An increase in returns to scale

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Definitions:

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, reduced sensory activity, inhibition of nearly all voluntary muscles, and decreased interactions with surroundings.

Babies

Young infants or very young children, at the earliest stage of their lives.

Activation-Synthesis Hypothesis

is a theory about dreaming that suggests dreams are the result of the brain's attempt to make sense of neural activity that occurs during sleep.

Medulla

Part of the brainstem involved in regulating vital body functions such as heart rate, breathing, and blood pressure.