In the Presence of a Negative Externality

question 7

Multiple Choice

In the presence of a negative externality

• A)the market solution is efficient,but the market price is too high
• B)the market price is efficient,but the corresponding quantity is inefficient
• C)the market solution results in too little output being produced
• D)the efficient outcome is determined where the marginal social cost and market demand curves intersect
• E)the efficient outcome is determined where the marginal cost and market supply curves intersect

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Definitions:

Employability

The combination of skills, knowledge, and attributes that make an individual attractive to employers and capable of securing and retaining employment.

Intranet Portals

Internal websites that help organizations disseminate information to employees, enhance collaboration, and automate business processes within a secure network.

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale.

Independent Contractor

An individual engaged by a company to perform specific tasks, but not classified as an employee, thus lacking traditional employment rights and benefits.