When Individuals Take External Costs and Benefits into Account

question 147

Multiple Choice

When individuals take external costs and benefits into account:

• A)there are no external costs.
• B)they internalize the externality.
• C)the government should intervene in the market.
• D)the market will not reach an efficient solution.

Recognize the illegal wildlife trade and measures to counteract it.

Identify the causes and consequences of endangered species.

Understand the various factors leading to biodiversity loss.

Recognize the significance of amphibians as biological indicators.

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Definitions:

Poaceae

A large and economically important family of plants, also known as the grass family, which includes species like wheat, corn, and rice.

Classification

The systematic arrangement of living organisms into hierarchical groups based on their characteristics and evolutionary history.

Taxonomy

The science of classifying organisms based on their characteristics, forming a structured hierarchy that includes groups like species and genus.

Classifying Organisms

The scientific task of organizing and categorizing biological organisms into a hierarchical system such as kingdom, phylum, class, order, family, genus, and species based on their similarities and differences.