One of the Ways to Deal with External Cost Is

question 45

Multiple Choice

One of the ways to deal with external cost is:

• A) to rely on a good behaviour.
• B) to invest in technological development.
• C) to penalise those who bear the external cost.
• D) to include the external cost in market price.

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Definitions:

Cooled Lava

Solidified volcanic material formed when molten lava cools and hardens on the Earth's surface.

Basin-shaped Outline

Descriptive of a geographical depression or low area that resembles the shape of a basin, often collecting water and sediment.

Calderas

Calderas are large, usually circular depressions formed by the collapse of a volcanic area following the eruption and expulsion of a significant amount of magma.

Pyroclastic Materials

Volcanic materials ejected during an eruption, including ash, pumice, lava bombs, and volcanic blocks.