If It Costs $2000 to Pick Up the Litter Along

question 120

Multiple Choice

If it costs $2000 to pick up the litter along a highway, then the cost of the externality is:

• A) $0.
• B) more than $0 but less than $2000.
• C) $2000.
• D) more than $2000 but finite.

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Definitions:

White-Collar Crime

A variety of nonviolent illegal acts against society that occur most frequently in the business context.

Nonviolent Illegal Acts

Activities that break the law but do not involve the use of physical force or violence.

Felony

A serious crime that is punishable by more than one year in prison, as opposed to a misdemeanor, which is less severe.

Imprisonment

The act of confining someone in a prison or similar facility as punishment for a crime or legal offense.