External Costs Are Equal to the Difference Between

question 83

Multiple Choice

External costs are equal to the difference between:

• A) Social costs and private costs.
• B) Marginal benefits and marginal costs.
• C) Average benefits and average costs.
• D) Marginal social benefits and marginal social costs.

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Definitions:

Sample

A subset of individuals from a larger population used to conduct research or test theories.

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together. A higher absolute value suggests a stronger relationship.

Restriction Of Range

A problem when scores on a variable are limited to a small subset of their possible values; this makes it more difficult to identify relationships of the variable to other variables of interest.

Correlation Coefficients

Numerical measures indicating the strength and direction of a linear relationship between two quantifiable variables.