It Is True of Externalities That They

question 146

Multiple Choice

It is true of externalities that they

• A)arise when all costs, social and private, are included in production cost.
• B)are always beneficial.
• C)are always detrimental.
• D)None of the above are correct.

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Definitions:

Diabetes Mellitus Type II

A chronic condition characterized by high levels of sugar in the blood due to insulin resistance or deficiency.

Increased Thirst

An abnormal feeling of always being thirsty, often a symptom of diabetes or other medical conditions.

Increased Urination

A condition where there is a frequent need to urinate more than usual, possibly indicating underlying health issues.

Congestive Heart Failure

A chronic condition in which the heart's ability to pump blood is inadequate, leading to the buildup of fluid in the body.