What are costs that accrue to the total population referred to as?
A) positive costs
B) negative costs
C) social costs
D) private costs

Question

Quizplus · Accepted Answer

Costs that accrue to the total population are known as social costs. These costs are often externalities of economic activities, which are not reflected in the private costs of the market transactions. Social costs include pollution, congestion, and other negative impacts on public health and welfare.

What Are Costs That Accrue to the Total Population Referred