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.

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Definitions:

Quality Commitment

A pledge or an obligation undertaken by a company to uphold high standards in its products or services.

Job Satisfaction

The level of fulfillment, contentment, and happiness that an individual experiences in their job.

High Level

Pertaining to activities or decisions that involve overarching goals, strategies, or priorities, often affecting an entire organization.

Behavioural Discontent

A state of dissatisfaction or unrest expressed through behavior, often as a response to perceived inequities or unmet expectations.