External costs:
A) fall directly on an economic decision maker.
B) fall indirectly on an economic decision maker.
C) are imposed without compensation on someone other than the person who caused them.
D) are both social costs and private costs.
Correct Answer:
Verified
Q1: If people took external benefits, suchas cleaner
Q2: Any cost that is imposed without compensation
Q3: External benefits accrue:
A)directly to the decision maker
Q4: Benefits that accrue directly to the decision
Q5: Costs that fall directly on an economic
Q7: A benefit that accrues without compensation to
Q8: Markets fail to maximize total surplus when:
A)individual
Q9: If people took external costs, such as
Q10: All externalities:
A)are harmful to society and create
Q11: External costs and external benefits are collectively
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