A Negative Externality Will Cause a Private Market to Produce

question 476

Multiple Choice

A negative externality will cause a private market to produce

• A)less than is socially desirable.
• B)more than is socially desirable.
• C)exactly the quantity that is socially desirable.
• D)less than the same market would produce in the presence of a positive externality.

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Definitions:

Racial Segregation

Is the systematic separation of people into racial or ethnic groups in daily life.

Plessy v. Ferguson

The 1896 Supreme Court decision that upheld the constitutionality of racial segregation under the “separate but equal” doctrine.

Racial Segregation

The enforced separation of different racial groups within a country, community, or establishment, often resulting in discriminatory practices.

Civil War Amendments

Refers to the 13th, 14th, and 15th amendments to the United States Constitution, which abolished slavery, granted citizenship rights, and protected voting rights regardless of race, respectively.