A large farm uses fertilizer that nearby landowners complain may contaminate their water. Tests are conducted and contaminants are found. The costs resulting from this decision are referred to as
A) implicit costs.
B) factor costs.
C) external costs.
D) opportunity costs.
Answer: C
Economics
You might also like to view...
In the above figure, between x = 2 and x = 3, what is the slope of the line?
A) 1 B) -1 C) 2 D) 3
Economics
Politicians and citizens may often choose policies that reduce economic efficiency because they are perceived as "fairer."
a. True b. False Indicate whether the statement is true or false
Economics