External Benefits Are the Extra

question 136

Multiple Choice

External benefits are the extra

• A) benefits a consumer gets from consuming a good.
• B) costs a producer creates in producing a good.
• C) benefits that accrue to people other than the consumers.
• D) costs a producer bears for producing a polluting good.
• E) benefits a producer obtains for reducing production of a polluting good.

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Definitions:

Adjust

To change or alter something in order to fit conditions or to achieve better accuracy.

Joint Custody

A legal arrangement where both parents share decision-making responsibilities and physical care of a child.

Persistent Poverty

A long-term state where an individual or group lives below the minimum level of income deemed necessary to achieve an adequate standard of living.

Common Arrangement

A typical or widely accepted way of organizing or structuring something.