Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

fill in the blank question the (social/opportunity) costs of negative g…

Question

fill in the blank question
the
(social/opportunity) costs of negative gross domestic by - products reduce a nations economic well - being.
need help? review these concept resources.
read about the concept

Explanation:

Brief Explanations

Social costs account for the total costs to society, including negative externalities (by-products of economic activity that harm well-being) that are not captured in private costs. Opportunity costs refer to the value of the next best alternative foregone, which does not fit the description of negative GDP by-products reducing economic well-being.

Answer:

social