There Is an Externality Present Only When

question 13

Multiple Choice

There is an externality present only when

• A) private costs diverge from social costs.
• B) private benefits diverge from social benefits.
• C) private costs or benefits diverge from social costs or benefits.
• D) private costs equal social costs.

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Definitions:

Canadian Charter

A foundational document of Canada's Constitution, officially known as the Canadian Charter of Rights and Freedoms, which outlines the rights and freedoms of Canadian citizens.

Social Inclusion

The process of improving the terms for individuals and groups to take part in society, aiming to empower those who are marginalized or disadvantaged.

Employment Programs

Initiatives designed to help individuals find, secure, and retain jobs, often targeting specific groups such as the unemployed or underemployed.

March of Dimes

A nonprofit organization that works to improve the health of mothers and babies by preventing birth defects, premature birth, and infant mortality.