When Social Costs of an Activity Exceed Private Costs

question 32

Multiple Choice

When social costs of an activity exceed private costs

• A) there is a tendency for resources to be under-utilized.
• B) this means that resources are being efficiently used.
• C) there is a tendency for resources to be over-utilized.
• D) None of the above is correct.

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Definitions:

Sociocultural Influences

The forces of society and culture that shape individuals' beliefs, habits, and lifestyles.

Human Development

The process of growth and change that takes place over the course of a human life, encompassing physical, cognitive, social, and emotional development.

Parent-Child Attachments

The deep emotional bond that develops between a child and their caregiver, influencing the child's development and future relationships.