Pollution is an example of a negative externality.
Answer the following statement true (T) or false (F)
True
Economics
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What is the distinction between private cost and social cost?
What will be an ideal response?
Economics
________ consumption is consumption that depends upon the level of GDP and ________ consumption is consumption that does not depend upon the level of GDP
A) Voluntary; autonomous B) Autonomous; voluntary C) Induced; autonomous D) Autonomous; induced
Economics