The Efficient Way to Deal with an External Cost Is

question 20

True/False

The efficient way to deal with an external cost is to let markets allocate resources without government intervention.

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Definitions:

Feedback

Information provided regarding aspects of one's performance or behavior, intended to affirm strengths or identify areas for improvement.

Encoding

The process of converting information into a particular form for efficient storage, transmission, or encryption.

Modulation

The process of varying the properties of a waveform to encode information, typically used in telecommunications to transmit data.

Decoding

The process of interpreting or making sense of a message or piece of information received.