When a Negative Externality Occurs

question 122

Multiple Choice

When a negative externality occurs,

• A)social costs are less than private costs.
• B)social costs are greater private costs.
• C)social costs are equal to private costs.
• D)social costs are negative.
• E)private costs are negative.

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Definitions:

Value-clarifying Competency

The capability to effectively identify, articulate, and apply personal or organizational values in decision-making processes.

Political Competency

The knowledge, abilities, and skills required to effectively participate in and influence the political process.

Interactional Competency

The ability to effectively communicate and interact with others, recognizing and adapting to social cues and norms.

Administrative Policies

Administrative policies are the rules, guidelines, and procedures established by organizations or government bodies to regulate operations, manage conduct, and guide decision-making processes.