Which of the Following Is an Example of an External

question 25

Multiple Choice

Which of the following is an example of an external cost?

• A) the cost of labor to a firm
• B) the pollution caused by automobile exhaust
• C) the cost of tires for your car
• D) the opportunity cost of getting a college education

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Definitions:

Technological Intervention

The application of technology to modify processes, solve problems, or improve conditions in various fields.

Multitasking

The act of handling more than one task simultaneously or switching between tasks quickly.

Multiple Channels

Refers to the use of several communication methods or platforms to convey a message or information.

Empathy

The ability to understand and share the feelings of another person, fostering a deeper connection and communication.