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Title: When social costs of an activity exceed private costs Post by: tarasen57 on Mar 2, 2019 Question 1. The social costs of an activity are greater than the private costs of the activity when• the internal costs of the resource-using activity are positive. • the external costs of the resource-using activity are zero. • a person does not pay all costs associated with a particular resource-using activity. • the internal costs of the resource-using activity are less than the external costs of the activity. Question 2. When social costs of an activity exceed private costs• this means that resources are being efficiently used. • there is a tendency for resources to be over-utilized. • there is a tendency for resources to be under-utilized. • None of the above is correct. Title: When social costs of an activity exceed private costs Post by: blazeypooh on Mar 2, 2019 Content hidden
Title: When social costs of an activity exceed private costs Post by: tarasen57 on Mar 2, 2019 Good timing, thanks!
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