When a Person Does Not Have to Pay the Full

question 269

Multiple Choice

When a person does not have to pay the full costs for using a scarce resource, then

• A) the use of the resource is not affected since society pays for the resource.
• B) more of the resource will be used.
• C) the internal costs of using the resource are too high.
• D) the social costs of the resource are less than they would be if the "correct" amount of the resource were being used.

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Definitions:

Coevolved Traits

Traits in different species that have evolved mutually through the process of biological interaction, such as predator/prey or parasitic relationships.

Biomes

Large community of plants and animals that occupies a distinct region defined by its climate, flora, and fauna.

Coral Reefs

Diverse underwater ecosystems held together by calcium carbonate structures secreted by corals, serving as habitats for a vast array of marine life.

Calcium Carbonate

A chemical compound with the formula CaCO3, found in rocks as the minerals calcite and aragonite and is the main component of pearls and the shells of marine organisms, snails, and eggs.