Multiple Choice
Which of the following statements is TRUE for society as a whole?
A) Supply of services always reflects all social costs.
B) Demand for services always reflects all social costs.
C) Private costs are not always equal to social costs.
D) Social benefits are always emphasized in advertising.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: As society is near total pollution abatement<br>A)
Q2: To totally internalize an externality, a government
Q3: If the social costs of refining oil
Q4: Which of the following is a TRUE
Q5: When a person does NOT have to
Q7: The sum of internal and external costs
Q8: An externality that is NOT fully paid
Q9: Social costs are<br>A) costs that are borne
Q10: For endangered species, the federal government<br>A) can
Q11: Suppose that the nation wide average cost