Which of the Following Activities Typically Generates an External Cost

question 317

Multiple Choice

Which of the following activities typically generates an external cost?

• A) flu vaccine
• B) traffic congestion
• C) public education
• D) scientific research

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The average number of deaths caused by cancer per unit of population over a defined period of time.

Regression Analysis

A statistical method used to examine the relationship between two or more variables, typically to forecast one variable based on the others.

Confidence Interval

An interval of values, obtained through sample statistics, which probably contains the value of an unidentified parameter of the population.

Proficiency Test

An assessment designed to measure an individual's knowledge or competence in a particular area.