If Production of a Good Generates an Environmental Negative Externality

question 35

True/False

If production of a good generates an environmental negative externality, the effect of that externality is captured by the MEC of production.

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Definitions:

Service Technology

Technologies and systems designed to improve and support the delivery, management, and quality of services.

Passenger

An individual who travels in a vehicle, such as a car, bus, train, or airplane, typically without participating in its operation.

Airplane

A powered flying vehicle with fixed wings and a weight greater than that of the air it displaces.

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology.