Externalities

question 10

Multiple Choice

Externalities

• A) are always detrimental.
• B) are always beneficial.
• C) arise when all costs, external and private, are included in production cost.
• D) cause the price system to misallocate resources.

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Definitions:

Reticular Fibers

Fine, network-forming fibers within connective tissue, supporting soft tissues in organs.

Connective Tissue

A type of biological tissue that supports, connects, or separates different types of tissues and organs in the body, consisting of cells embedded in an extracellular matrix.

Positive Feedback

A biological process where the product of a reaction leads to an increase in that reaction, amplifying the original signal.

Organ Systems

Groups of organs that work together within an organism to perform one or more functions, such as the digestive system or the respiratory system.