If Social Cost Exceeds Private Cost, There Is

question 181

Multiple Choice

If social cost exceeds private cost, there is

• A) underproduction of a good.
• B) a negative externality.
• C) a positive externality.
• D) too little economic profit in the activity.

---

Definitions:

Individualistic Understanding

A way of interpreting information or phenomena based on personal perspectives and independent thought.

Evaluate Treatments

The process of systematically assessing the effectiveness and outcomes of medical, psychological, or educational interventions.

Experimental Studies

Research methods that involve the manipulation of variables to establish cause and effect relationships.

Treatment Plan

A comprehensive outline designed by healthcare professionals detailing the strategies and interventions for managing a patient's specific health condition or psychological issue.