When Negative Externalities Are Present in a Market,it Means That

question 124

Multiple Choice

When negative externalities are present in a market,it means that:

• A) private costs are less than social costs.
• B) private costs are less than external costs.
• C) social costs are less than external costs.
• D) external costs are equal to social costs.

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Definitions:

Higher Brain Centers

Regions of the brain responsible for complex functions such as decision making, reasoning, processing emotions, and controlling sophisticated behaviors.

Filtration Membrane

A semipermeable barrier that separates particles in a fluid, commonly found in the kidneys for waste removal from the blood.

Bowman Capsule

The Bowman capsule is a cup-like sack at the beginning of the tubular component of a nephron in the kidney, enclosing the glomerulus and involved in filtration.

Countercurrent Mechanism

A process by which fluids flow in opposite directions in adjacent tubes, exchanging properties (such as heat or concentration) to facilitate efficient transfer.