If a Person Does NOT Pay All Costs Associated with a Particular

question 141

Multiple Choice

If a person does NOT pay all costs associated with a particular resource-using activity, then

• A) the external costs of the activity are greater than the private costs of the activity.
• B) the social costs of the activity are greater than the private costs of the activity.
• C) the external costs of the activity are greater than the internal costs of the activity.
• D) the full costs of the activity are the sum of private costs plus internal costs.

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Definitions:

State-Level Presidential Elections

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Individuals and groups advocating for social, political, and economic reforms to address injustices in the early 20th century.

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Supporters of the ratification of the U.S. Constitution, favoring a strong national government.

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