Adding External Costs to the Cost of Goods and Services

question 20

True/False

Adding external costs to the cost of goods and services would counter the amount people now pay in poor health, high-priced insurance, and other pollution controls.

---

Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or effect, typically to be tested against an alternative hypothesis.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain characteristics of a population or data.

Equals Sign

A symbol (=) indicating mathematical equality between two expressions.

Research Hypothesis

Another term for alternative hypothesis, indicating the expected outcome or belief regarding a study's findings.