An External Cost Occurs When

question 25

Multiple Choice

An external cost occurs when

• A)some of the benefits derived from the production or consumption of some good or service are enjoyed by a third party.
• B)the production or consumption of some good or service inflicts costs on a third party without compensation.
• C)private costs exceed social costs.
• D)private costs exceed private benefits.

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Definitions:

Televised Violence

Exposure to violent acts and behaviors through television programming and its potential effects on viewers’ behaviors and attitudes.

Correlational Studies

Research methods designed to identify and assess the relationships between two or more variables without inferring a cause-and-effect relationship.

Learning Processes

The methods or sequences through which individuals acquire new information, behaviors, or skills.

Plausible Excuses

Reasonable justifications offered to explain behavior or actions that may not initially be obvious.