Q8 Statement I: The cost or sacrifice whether economic or non-economic in nature incurred by the society is called as social costs.Statement II: The industry started in a village, which had no pollution before. Due to this, all villagers are affected now with poor health leading to expenses on medicines etc.is also a social cost that villagers are bearing. a. None of the statements are true b. Statement II is false c. Both the statements are true d. Only Statement I is true
Q8 Statement I: The cost or sacrifice whether economic or non-economic in nature incurred by the society is called as social costs.Statement II: The industry started in a village, which had no pollution before. Due to this, all villagers are affected now with poor health leading to expenses on medicines etc.is also a social cost that villagers are bearing. a. None of the statements are true b. Statement II is false c. Both the statements are true d. Only Statement I is true
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 2DQ
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Q8
Statement I: The cost or sacrifice whether economic or non-economic in nature incurred by the society is called as social costs .Statement II: The industry started in a village, which had no pollution before. Due to this, all villagers are affected now with poor health leading to expenses on medicines etc.is also a social cost that villagers are bearing.
a.
None of the statements are true
b.
Statement II is false
c.
Both the statements are true
d.
Only Statement I is true
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