The overselling of private goods results in ________ as they require more public services that may not be available.

Question

Quizplus · Accepted Answer

The overselling of private goods can lead to social costs, which refer to the negative consequences experienced by society as a result of economic activity. In this scenario, as private goods are oversold, they demand more public services that may not be available, thereby leading to a social cost. Cultural pollution relates to the negative effect on a society's cultural values or traditions. Misdirected funding refers to the allocation of resources to a wrong or inappropriate use. Materialism refers to the emphasis placed on material possessions and consumer goods. Opportunity expenses refer to the benefits that have to be foregone when making a particular economic decision.

The Overselling of Private Goods Results in ________ as They