The Effect of an Externality Is That

question 11

Multiple Choice

The effect of an externality is that:

• A)production of a public good equals market demand.
• B)production of a private good equals market demand.
• C)true market demand for public goods may be determined by the number of consumers that pay for the goods.
• D)the producer of a public good has a limited incentive to produce it because all consumers cannot be charged for the good.

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Definitions:

Empowerment

The process of giving individuals or groups the authority, resources, and confidence to take control of their own actions and decisions, typically aiming to increase their effectiveness and autonomy.

Governing Council

An administrative body responsible for making decisions and overseeing the policies and direction of an organization, institution, or government entity.

More Empowerment

An approach or strategy that aims to give individuals or groups greater authority and control over decisions and actions affecting their work or lives.

Elected Leaders

Individuals who have been chosen through a voting process to hold leadership positions, typically in political, institutional, or organizational contexts.