A Good That Has Social Costs That Exceed Private Costs

question 89

Multiple Choice

A good that has social costs that exceed private costs has a quantity that is

• A) too high.
• B) too low.
• C) just right.
• D) the best society can do.

---

Definitions:

Growth Hormones

Hormones that stimulate growth, cell reproduction, and cell regeneration in humans and other animals.

Non-REM Sleep

A period of sleep characterized by reduced brain activity and body movement, distinct from REM (Rapid Eye Movement) sleep.

Sleep Apnea

a sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep.

Insomnia

A disorder characterized by a repeated inability to sleep.