If a Negative Externality Results from the Refining of Petroleum

question 93

Multiple Choice

If a negative externality results from the refining of petroleum, in the eyes of the oil refinery the cost of production:

• A)does not include external costs.
• B)includes external costs.
• C)does not include fixed costs.
• D)includes external benefits.
• E)does not include variable costs.

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Definitions:

Unmotivated

Lacking in motivation, interest, or enthusiasm toward engaging in any activity or goal.

Prescription

An authorized instruction from a medical practitioner that allows a patient to be provided medicine or treatment.

MAO Inhibitor

A type of antidepressant drug that works by inhibiting the action of the enzyme monoamine oxidase in the brain, affecting mood and emotional responses.

Severity

The degree of intensity or seriousness of a particular disease, condition, or situation, often influencing the approach to treatment or management.