If the External Costs of Production Are NOT Taken into Account

question 228

Multiple Choice

If the external costs of production are NOT taken into account, then production will

• A) be less than socially desirable.
• B) be more than socially desirable.
• C) be the same since only prices are affected by externalities.
• D) cease.

---

Definitions:

Central Tendency

A statistical measure that identifies the central or typical value of a dataset, such as the mean, median, or mode.

Correlation Analyses

A statistical process used to evaluate the degree to which two variables are related or move together.

Paraphrase Method

The technique of expressing the meaning of something written or spoken using different words, especially to achieve greater clarity.

Citation Method

The systematic approach to crediting and referencing the sources of information or ideas in academic or professional writing.