Relating to the Economics in Practice on Page 332: If

question 11

Multiple Choice

Relating to the Economics in Practice on page 332: If a company that is responsible for an environmental disaster does not end up paying the entire cost of the damage it created, the marginal social cost will be ________ the sum of the marginal costs of production.

• A) less than
• B) greater than
• C) equal to
• D) unrelated to

---

Definitions:

Paramecium

A genus of unicellular ciliates, commonly studied as a representative of the ciliate group.

Niche Theory

A concept in ecology that describes how an organism fits into its environment, including its role in the ecosystem and interactions with other species.

Limiting Resource

A resource in an ecosystem that restricts the growth, abundance, or distribution of organisms or populations due to its scarcity.

Niches

Refers to the specific role or position an organism or species has within its environment, including all biotic and abiotic factors affecting it.