Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A) If a buyer ends up being worse off from an exchange rather than better off as expected, this is a negative externality.
• B) Secondhand cigarette smoke is an example of a negative externality.
• C) As long as the benefits to society from an exchange outweigh the costs to society, no negative externality has occurred.
• D) As long as the benefits to society from an exchange outweigh the costs to the producer of the good or service, no negative externality has occurred.

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Definitions:

Omaha System

A research-based, comprehensive practice and documentation standardized taxonomy designed to describe client care.

Standardized Language

A structured form of language that is uniformly adopted and adhered to for consistency and understanding in specific professional or academic fields.

Government-subsidized

Financially supported or partly funded by the government to reduce costs for the end-users or providers.

Senior Housing

Residential communities designed specifically for the elderly, offering various accommodations and services tailored to meet their needs.