Private Costs

question 207

Multiple Choice

Private costs

• A)are borne by producers of a good while social costs are borne by government.
• B)are borne by consumers of a good while social costs are borne by government.
• C)are borne by producers of a good while social costs are borne by society at large.
• D)are borne by producers of a good while social costs are borne by those who cannot afford to purchase the good.

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Definitions:

Third-Country National

An individual who is a citizen of a country but works and resides in a country other than their country of citizenship.

Host-Country National

Individuals who are citizens of the country where a multinational company's subsidiary or operation is located.

Parent-Country National

An employee who is a citizen of the country where the headquarters of the multinational company is located, working abroad.

Parent-Country National

An employee who is a citizen of the country where the multinational company has its headquarters, working abroad in a foreign branch or subsidiary.