An Example of an External Cost of Alcohol Is

question 25

Multiple Choice

An example of an external cost of alcohol is

• A)traffic fatalities attributable to drunk driving.
• B)the cost to alcoholics of going to rehabilitation clinics.
• C)the cost of producing whiskey.
• D)the cost to bars of hiring janitors to clean up after their customers.

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Definitions:

Sole Proprietorships

Sole Proprietorships are business entities owned and operated by one individual, where there is no legal distinction between the owner and the business entity.

Quasi-Public Corporations

Corporations owned and operated by the federal, state, or local government.