What Does the Phrase "Internalizing an External Cost" Mean

question 253

Multiple Choice

What does the phrase "internalizing an external cost" mean?

• A)limiting the extent to which domestic firms can outsource production
• B)prohibiting economic activities that create externalities
• C)forcing producers to factor into their production costs the cost of the externalities created in the production of their output
• D)finding a way to address cross-border pollution

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Definitions:

Carbon Footprint

The total amount of greenhouse gases produced by human activities, expressed as the equivalent amount of carbon dioxide.

Indirect Approach

A method of communication where the main point or conclusion is presented after the evidence or supporting details, often used to soften the impact of negative news.

Logical Appeals

Arguments or persuasions based on reasoning and factual evidence aimed at appealing to the audience's logical processing.

Emotional Appeal

A rhetorical strategy used in communication and advertising to sway an audience's feelings to influence their perceptions or actions toward a subject, product, or decision.