Pollution Is an Example of a ________ Externality

question 186

Multiple Choice

Pollution is an example of a ________ externality.

• A) negative production
• B) positive production
• C) negative consumption
• D) positive consumption
• E) Coasian

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Definitions:

Decision-making Process

The systematic approach of identifying and evaluating choices to come to a conclusion or course of action.

Tactical Decision

Short-term decisions that are more specific and detailed than strategic decisions, focusing on the management of daily operations rather than long-term goals.

Costing System

A method for assigning costs to products or services, which can be based on activities, processes, or direct allocation.

Encourage Efficiency

Motivate actions or processes to achieve maximum productivity with minimum wasted effort or expense.