Which of the following statements about private and social costs is TRUE?
A) Social costs include externalities.
B) Private cost do not include externalities.
C) Social costs are never smaller than private costs.
D) All of the above.
Question 2
If a production process creates pollution, a competitive market produces excessive pollution because
A) the firms do not include the social cost of the pollution in their profit-maximizing decisions.
B) the firms place too high a price on society's cost of inflation.
C) people are not injured by the pollution.
D) zero pollution is optimal.
Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and
Invasive species in Canada include (a) zebra mussels, Dreissena polymorpha, (b) sea lamprey, Petromy
Percentages of adolescents indicating Benefits and Costs of employment.
Maps are important tools in political science as they help us see relationships between politics and
Weber's Three Components Of Social Class
Stressing that education reproduces a country’s social class system, conflict theorists point out ...