An External Benefit Implies That Private Markets Will Provide ____

question 116

Multiple Choice

An external benefit implies that private markets will provide ____ of the good (relative to the social optimum) ,and an external cost implies that private markets will provide _____ of the good.

• A)too much;too much
• B)too little;too little
• C)too much;too little
• D)too little;too much

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Definitions:

Attitudinal Foundations

The basic underlying beliefs or attitudes that shape an individual's perception, behavior, and response to various situations.

Intuition

The ability to understand or know something immediately based on feelings rather than facts or evidence.

Sympathetic Nervous

Pertaining to the part of the autonomic nervous system involved in preparing the body for rapid, involuntary action in response to stress.

Parasympathetic Nervous

Part of the autonomic nervous system that conserves energy by slowing the heart rate and increasing intestinal and gland activity.