In Order to Correct the Problems Associated with External Costs

question 24

Multiple Choice

In order to correct the problems associated with external costs,

• A) the signals given to the economy must change so that decision-makers will take into account all the costs of their actions.
• B) the government must take over production of industries that are responsible for most of the pollution.
• C) standards must be established that make it illegal to pollute.
• D) the prices of all goods must be raised so people will consume less of the world's resources.

---

Definitions:

Ethnic Groups

Communities or populations sharing a common culture, ancestry, language, or history, which differentiates them from other groups.

Interactive Exchanges

Communications or transactions between two or more parties that involve reciprocal actions and reactions, often in real time.

Sites Of Idleness

Sites Of Idleness refer to places or contexts that are associated with a lack of activity or productivity, often criticized in societal and economic discussions.

Implicit Knowledge

Implicit knowledge is the type of knowledge that is difficult to articulate or transfer to another person by writing it down or verbalizing it, often learned through experience.