If There Are Significant External Benefits Associated with the Consumption

question 59

Multiple Choice

If there are significant external benefits associated with the consumption of a product, it can be said that the private benefit to the consumer ____ the relative importance of this product to society and output should ____ to move toward the efficient situation.

• A)overstates; increase
• B)understates; increase
• C)overstates; decrease
• D)understates; decrease
• E)overstates; remain the same

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Definitions:

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Mock Interviews

Practice interviews conducted as a training exercise to prepare an individual for the actual interview process, helping to improve confidence and performance.

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The process of assessing an individual's job performance based on established criteria.

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Telephone calls made using mobile devices, allowing for communication without the need for fixed lines.