External costs are
A) borne by individuals other than those who incurred them.
B) another term for implicit costs.
C) borne by the public but incurred by the government.
D) borne by the government but incurred by the public.
Answer: A
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Most economists are against rent control, in part, because it:
a. leads to surpluses b. encourages landlords to build too many apartments c. Discourages tenants from searching for apartments d. encourages landlords to overspend in upkeep and maintenance on apartments e. none of the above
Segmentation involves classifying customers based on their importance. Which tools are used to classify customers?
a. ABC classification (Pareto's Law) b. Customer profitability analysis c. Balanced investment strategy d. Customer loyalty program e. None of the above f. Only A and B