Where pollution is concerned, if an automobile driver considers only the internal costs of his actions, he is apt to
A) use resources very carefully and in small quantities.
B) garage his car and drive very seldom.
C) be making a positive contribution to the greater community.
D) drive too much and use up more scarce resources than he would if he had to cover all his costs.
Correct Answer:
Verified
Q5: All of the following are private costs
Q6: If social cost exceeds private cost, there
Q7: When the social costs exceed the private
Q8: An externality that is NOT fully paid
Q9: Social costs are
A) costs borne by society
Q11: Private costs are the same as
A) implicit
Q12: Internal costs are
A) costs borne solely by
Q13: A social cost that is NOT fully
Q14: Which of the following statements best defines
Q15: Costs that are borne solely by the
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