Which of the Following Statements About Private and Social Costs

question 16

Multiple Choice

Which of the following statements about private and social costs is TRUE?

• A) Social costs include externalities.
• B) Private cost do not include externalities.
• C) Social costs are never smaller than private costs.
• D) All of the above.

---

Definitions:

Electrocardiogram

A diagnostic test that measures the electrical activity of the heart to identify various heart conditions.

Semilunar Valves

Valves located at the exits of the heart, preventing blood from flowing back into the ventricles from the arteries.

Diastole

The phase of the heartbeat when the heart muscle relaxes and allows the chambers to fill with blood.

Systole

The phase of the heartbeat during which the heart muscle contracts and pumps blood from the chambers into the arteries.