Use the Table Below to Answer the Following Questions

question 41

Multiple Choice

Use the table below to answer the following questions.
Table 16.3.1

-Refer to Table 16.3.1. The table shows marginal private benefit and the marginal social benefit from the consumption of chemical fertilizer and the marginal social cost of the production of fertilizer. Choose the correct statement.

• A)The marginal external benefit is $20 per unit.
• B)The marginal external cost is $10 per unit.
• C)There are no externalities associated with this market.
• D)The marginal external benefit is $10 per unit.
• E)There is not enough information provided to determine whether or not there are externalities.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Corporate Social Responsibility

The practice by companies of going beyond legal requirements to actively pursue positive impacts on environmental, social, and governance issues.

Paradox of Power

The concept that power can both enable and limit the holder, creating situations where outcomes are contrary to what might be expected.

Globalization from Below

A concept referring to the processes of global integration driven by people and movements at grassroots levels, as opposed to top-down corporate or governmental forces.