If It's Possible to Eliminate the Problems Created by Externalities,why

question 96

Multiple Choice

If it's possible to eliminate the problems created by externalities,why do they persist?

• A) Correcting externalities would always reduce total surplus.
• B) It is difficult to measure external benefits and costs.
• C) The benefits of correcting the externalities generally exceed the costs.
• D) None of these statements is true.

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Definitions:

Dimensions

Aspects or features that can be used to differentiate or categorize items, concepts, or phenomena along a spectrum.

Big Five Traits

The Big Five traits refer to five broad dimensions of personality that include openness, conscientiousness, extraversion, agreeableness, and neuroticism, widely used in psychology to describe human personality.

Agreeableness

This refers to a personality trait that encompasses qualities like kindness, affection, cooperation, and a willingness to help others.

Personality Factors

The fundamental traits and characteristics that consistently determine individuals' thoughts, feelings, and behaviors, making up their personality.