Which of the Following Suggests That the Private Market Can

question 103

Multiple Choice

Which of the following suggests that the private market can be effective in dealing with externalities?

• A)the 'invisible hand'
• B)the law of diminishing social returns
• C)the Coase theorem
• D)technology policy

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Definitions:

Body Fluids

Liquids originating from inside the bodies of living organisms, including blood, saliva, and urine.

Hazardous Waste

Hazardous Waste refers to waste materials that are harmful to health or the environment, requiring special handling, treatment, and disposal methods.

Elderly Protection Act

Legislation intended to protect the elderly from abuse, neglect, and exploitation, ensuring their rights and well-being are upheld.

Abuse

The improper treatment or misuse of something or someone, often causing harm or injury.