External costs arise when:
A) Private costs are too low.
B) Private costs are greater than social costs.
C) Social costs are greater than private costs.
D) Social costs are too low.
Correct Answer:
Verified
Q47: If external benefits occur when a good
Q48: Whenever external benefits exist:
A) Market demand will
Q49: Other things being equal,if a perfectly competitive
Q50: Social demand exceeds market demand whenever:
A) Private
Q51: Whenever external costs exist:
A) Social demand is
Q53: External costs are partly caused by:
A) the
Q54: Whenever net external benefits exist then:
A) economic
Q55: Social costs are:
A) The full resource costs
Q56: Social costs:
A) Are less than private costs.
B)
Q57: External costs are equal to the difference
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