An Externality Occurs Whenever

question 269

Multiple Choice

An externality occurs whenever

• A) private costs are the same as social costs.
• B) private costs are the same as internal costs.
• C) private costs diverge from social costs.
• D) private costs plus internal costs equal social costs.

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Definitions:

Title VII

Part of the Civil Rights Act of 1964, prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act

A landmark piece of legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

FTC

The Federal Trade Commission, a U.S. government agency tasked with protecting consumers and promoting competition.

Industry Affecting Commerce

Refers to how the operations, innovations, or issues within a specific industry can impact the broader commerce sector, often influencing economic activity and regulation.