The Presence of an External Benefit That Is Not Corrected

question 39

Multiple Choice

The presence of an external benefit that is not corrected results in:

• A)additional total economic surplus.
• B)deadweight loss.
• C)a larger economic pie to be distributed among everyone.
• D)taxation.

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Definitions:

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia or Metazoa, characterized by their ability to move voluntarily, consume organic material, breathe oxygen, and reproduce sexually.

Choanoflagellates

Aquatic microorganisms thought to be the closest living relatives of animals, characterized by their flagellum and collar structure.

Foraminiferans

Marine protozoans characterized by their porous shells, or tests, through which pseudopodia extend for feeding and locomotion.

Rhizarians

A group of mostly unicellular eukaryotes, characterized by their production of pseudopods, which are extensions used for movement and feeding.