When the Social Cost Curve Is Above a Product's Supply

question 28

Multiple Choice

When the social cost curve is above a product's supply curve,

• A)the government has intervened in the market.
• B)a negative externality exists in the market.
• C)a positive externality exists in the market.
• D)the distribution of resources is unfair.

---

Definitions:

H. Naledi

A species of extinct hominin discovered in South Africa, known for its unique mixture of primitive and modern anatomical features.

South African Cave

A general reference to archaeological sites in South Africa where early human fossils and artifacts have been discovered.

Evolution Of Language

The study of how language has evolved and diversified among humans, including the origins of linguistic structures and capabilities.

Nonhuman Relatives

Species other than Homo sapiens that are considered part of humans' extended family tree, sharing a common ancestor.