If There Are Both External Benefits and External Costs Associated

question 254

Multiple Choice

If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are equal in magnitude to the external costs,

• A)​More than the efficient amount is being produced
• B)​Less than the efficient amount is being produced
• C)​the efficient amount is being produced
• D)​We do not know whether the efficient amount, or more or less, is being produced.

---

Definitions:

African Coast

Refers to the coastal regions of Africa, often in the context of historical trade routes, colonization, or the Atlantic slave trade.

Mississippians

People native to Mississippi, a state in the United States, or the ancient Native American culture known for constructing large earthen mounds in the Mississippi Valley region.

Pueblos

Indigenous communities in the Southwestern United States known for their unique adobe dwellings and cultural traditions.

Sixteenth Century

The period from 1501 to 1600 in the Common Era, marked by significant events like the Protestant Reformation and the voyages of discovery that led to the colonization of the Americas.