Which of the Following Is a TRUE Statement

question 4

Multiple Choice

Which of the following is a TRUE statement?

• A) Any property right system will yield a situation in which all externalities are internalized.
• B) Voluntary agreements can always yield a situation in which all externalities are internalized.
• C) Opportunity costs always exist with whoever has property rights.
• D) Opportunity costs turn external costs into social costs.

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Definitions:

Meticulously

In a manner that shows great attention to detail; very thoroughly and precisely.

Bulimia Nervosa

An eating disorder marked by periods of binge eating followed by inappropriate compensatory behaviors such as vomiting, fasting, or excessive exercise to prevent weight gain.

Binge Ate

The act of eating large quantities of food in a short period of time, often associated with a lack of control over eating.

Disgusting

A strong emotional response of revulsion or profound disapproval elicited by something unpleasant or offensive.