By ignoring the ________,economies create a false idea of the _______ of particular choices.

Question

Quizplus · Accepted Answer

Ignoring external costs leads to a false idea of the true cost of particular choices, since the external costs are not factored into the decision-making process. This can lead to inefficient allocation of resources and negative impacts on the environment and society. Internal costs are the costs incurred by the producer or consumer, while external costs are costs that are not accounted for by the producer or consumer but are instead borne by society or the environment. Therefore, option C is the correct answer as it correctly identifies the relevant costs.

By Ignoring the ________,Economies Create a False Idea of the _______

By Ignoring the __,Economies Create a False Idea of the _