When Something of Value Has No Price Attached to It

question 376

Multiple Choice

When something of value has no price attached to it,

• A)externalities will be present.
• B)production of the product has no cost.
• C)government should not intervene to produce the product.
• D)private companies will eventually produce the product, and the good will no longer be free.

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Definitions:

Leukoplakia

A white patch or plaque that develops on the tongue, the inside of the cheek, or on the floor of the mouth, often associated with smoking or other irritants.

Mucous Membrane

A protective lining found in various parts of the body such as nose, mouth, and lungs, producing mucus.

Xanthoderma

A yellow discoloration of the skin, often resulting from prolonged consumption of foods high in carotene or jaundice.

Yellow Skin

A condition known as jaundice, which indicates a buildup of bilirubin in the blood, often a sign of liver disease.