The overselling of private goods results in ________,such as cars causing traffic jams,air pollution,injuries,and deaths.

Question

Quizplus · Accepted Answer

The term "social costs" specifically refers to the negative impacts on society that result from the production or consumption of private goods. In this case, the overselling of private goods like cars leads to negative social costs such as traffic jams, air pollution, injuries, and even fatalities. Choice A (cultural pollution) is not an appropriate term in this context. Choice B (misdirected funding) and choice E (opportunity expenses) may be related to the issue, but neither accurately captures the negative impacts on society as a whole. Choice D (materialism) is a related concept but does not specifically address the social costs of overselling private goods.

The Overselling of Private Goods Results in ________,Such as Cars