One of the Limitations of Mainstream Economics Is That It

question 47

Multiple Choice

One of the limitations of mainstream economics is that it does not take into account ___________ costs when a price is assigned to a product or service.

• A)safety
• B)internal
• C)external
• D)marginal
• E)fringe

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Definitions:

Vichy

A city in France that was the seat of the French government from 1940 to 1944 during the occupation by Nazi Germany in World War II, associated with the collaborationist Vichy regime.

Maginot Line

A line of defensive fortifications built by France along its border with Germany before World War II, intended to deter invasion.

Bunker-like Fortifications

Defensive military structures designed to protect against enemy attacks, resembling bunkers with reinforced walls and limited access points.