When There Is a Negative Externality, the Private Cost of Production

question 116

Multiple Choice

When there is a negative externality, the private cost of production ________ the social cost of production.

• A) is greater than
• B) is equal to
• C) eliminates
• D) is less than

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Definitions:

Impulsiveness

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Ego-resilient

Describes an individual's ability to adapt to stressors and return to a baseline state of functioning effectively after experiencing stress.

Adaptability Under Stress

The ability to adjust and cope with pressure or adversity, maintaining functionality and resilience.

Self-confident

Having trust in one's own abilities, qualities, and judgement.