Which of the Following Statements Is True

question 21

Multiple Choice

Which of the following statements is true?

• A)​Externalities can never refer to costs borne by the seller.
• B)​Both external costs and external benefits can never exist for the same good.
• C)​Externalities can never lead to under-production of a specific good.
• D)​External benefits can never exceed external costs.

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Definitions:

Symbols

Symbols are representations or signs used to signify ideas, objects, or relationships.

Norms

The unwritten rules that dictate the acceptable behavior within a society, group, or organization.

Prejudice

Preconceived opinion or judgment without sufficient knowledge, often leading to discrimination or biased treatment of others.

Fixed Attitude

A mindset or opinion that is rigid and unchanging, often resistant to new information or perspectives.