Which of the Following Statements About Private and Social Costs

question 9

Multiple Choice

Which of the following statements about private and social costs is TRUE in the presence of negative externalities created by pollution?

• A)Competitive market produces excessive pollution.
• B)The optimal amount of pollution is zero.
• C)Social costs exclude externalities.
• D)Social producer surplus exceeds private producer surplus.

---

Definitions:

At-Will Employee

An employment arrangement in which an employee can be dismissed by an employer for any reason (that is not illegal) without warning, as long as the reason is not discriminatory.

State Constitution

The fundamental legal document that outlines the structure, functions, and principles of government at the state level in the United States.

Title VII

Title VII of the Civil Rights Act of 1964 is a federal law that prohibits employers from discriminating against employees on the basis of sex, race, color, national origin, and religion.

Gender-Based Assignments

Tasks or roles assigned based on gender, often criticized when they perpetuate stereotypes or limit opportunities based on gender.