The Difference Between Social Cost and Private Cost Is a Measure

question 449

Multiple Choice

The difference between social cost and private cost is a measure of the

• A)loss in profit to the seller as the result of a negative externality.
• B)cost of an externality.
• C)cost reduction when the negative externality is eliminated.
• D)cost incurred by the government when it intervenes in the market.

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Definitions:

Fluctuating Levels

Variations or changes in intensity, quantity, or value of something over a period of time.

Neurofibrillary Tangles

Abnormal accumulations of a protein called tau that form inside neurons, contributing to neurodegenerative diseases such as Alzheimer's disease.

B-amyloid

A protein fragment snipped from an amyloid precursor protein (APP). In Alzheimer's disease, these fragments accumulate to form hard, insoluble plaques.

Neuronal Degeneration

The progressive loss of structure or function of neurons, including death of neurons, often leading to neurological disorders.