External Costs Are Those Costs

question 66

Multiple Choice

External costs are those costs:

• A) that fall directly on an economic decision maker.
• B) that fall indirectly on an economic decision maker.
• C) that are imposed without compensation on someone other than the person who caused them.
• D) that are both social costs and private costs.

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Definitions:

Close of Proposal

The final section of a proposal document where the summary and call-to-action are presented, aiming to persuade the reader.

Decision

The act or process of making choices or selecting an option from a set of alternatives.

Report

A structured document that presents information gathered from research or an investigation, often used to inform decision-making.

Work Plan

A detailed outline of the tasks, activities, and resources required to complete a project or objective within a specified timeframe.