Internalizing External Costs

question 96

Multiple Choice

Internalizing external costs

• A) involves making the market price approach the true cost of an economic good.
• B) fails to include the cost of pollution.
• C) omits the costs of taxes.
• D) increases the chance for environmental degradation.
• E) a and b

---

Definitions:

Fortune 500

An annual list ranking of the 500 largest US corporations by total revenue for their respective fiscal years.

Statistic

A numerical value that summarizes or describes a characteristic of a set of data.

Medical History

A record of information about an individual's health, including past illnesses, surgeries, allergies, and medications.

Allergies

Hypersensitive reactions by the immune system to substances that are normally harmless to most people.