When Externalities Cause Markets to Be Inefficient

question 150

Multiple Choice

When externalities cause markets to be inefficient,

• A)government action is always needed to solve the problem.
• B)private solutions can be developed to solve the problem.
• C)given enough time, externalities can be solved through normal market adjustments.
• D)there is no way to eliminate the problem of externalities in a market.

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Acquire knowledge on developmental milestones concerning infant physical, motor, and cognitive development.

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Definitions:

Close

To complete, finalize, or bring an activity or process to an end, ensuring all requirements have been met.

Longitudinal Method

A research design in which the same individuals are examined over a period of time, allowing for the observation of changes or development.

Cross-sectional Tests

Research methods or examinations conducted at a specific point in time to analyze data from a population or a representative subset.

Different Times

Moments or periods that are not the same, varying in many possible ways such as duration, significance, or point in history.