External Costs Occur Only with Production and Not Consumption

question 53

True/False

External costs occur only with production and not consumption.

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Definitions:

Provisional Certificate

A temporary document granted to indicate a certain qualification or permission until a final or permanent certificate is issued.

Department of Health and Human Services

A federal executive department of the U.S. government responsible for protecting the health of all Americans and providing essential human services.

Ocular Lens

The lens within the eye that focuses light onto the retina, allowing for clear vision.

Eyepiece

The part of a microscope or telescope that you look through to see the magnified image.