What Does the Phrase 'Internalising an External Cost' Mean

question 12

Multiple Choice

What does the phrase 'internalising an external cost' mean?

• A)Limiting the extent to which domestic firms can outsource production
• B)Prohibiting economic activities that create externalities
• C)Forcing producers to factor into their production costs the cost of the externalities created in the production of their output
• D)Finding a way to address cross-border pollution

Recognize the health effects associated with cigarette smoking.

Identify high-risk drinking guidelines for men.

Describe the impact of chronic alcohol use, including diseases and dependence.

Understand the symptoms and consequences of a hangover.

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