Which of the Following Is False

question 68

Multiple Choice

Which of the following is false?

• A) In the case of a negative externality, the market equilibrium is inefficient.
• B) In the case of a negative externality, when a tax is set equal to the marginal external costs (MEC) efficiency can be achieved.
• C) In the case of a negative externality, when a tax is set that is greater than the marginal external costs (MEC) inefficiency will result.
• D) In the case of a positive externality, when a tax is set equal to the marginal external benefits (MEB) efficiency can be achieved.

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Definitions:

Socioeconomic Disparities

Differences in wealth, education, and occupation status among various social groups, often leading to unequal access to resources.

Virginity Pledges

Promises made by individuals, typically teenagers, to abstain from sexual intercourse until marriage, often as part of organized efforts to promote abstinence.

Singlehood

The state of being unmarried or not involved in a romantic partnership, which may be a personal choice or circumstance.

Adult

A person who has reached a stage of maturity in which they have attained full physical development and are considered legally responsible for their actions.