When Negative Externalities Are Present,it Means That

question 72

Multiple Choice

When negative externalities are present,it means that:

• A) individuals don't take into account all the costs associated with their market choice.
• B) society bears part of the cost borne of private transactions.
• C) production and consumption is above the socially optimal level.
• D) All of these statements are true.

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Definitions:

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States and leading to widespread unemployment and poverty.

Multi-Directional Development

The concept that human development occurs in various directions, indicating gains, losses, growth, and decline across the lifespan.

Discontinuity

A break or gap in a sequence, process, or in continuous development, often leading to a significant change or variation.

Larva

The immature, wingless, and often wormlike feeding stage of an insect that undergoes complete metamorphosis.