19. According to the passage, transactions between private buyers and sellers have effects on society that generally
(A) are harmful when all factors are considered
(B) give rise to ever-increasing resource costs
(C) reflect an optimal allocation of natural resources
(D) encompass more than the effects on the buyers and sellers alone
(E) are guided by legal controls on the development of technology
20. It can be inferred from the passage that the author does NOT favor which of the following?
(A) Protecting the environment for future use
(B) Changing the balance of power between opposing interests in business
(C) Intervening in the activity of the free market
(D) Making prices reflect costs to everyone in society
(E) Causing technological development to cease
21. A gasoline-conservation tax on the purchase of large automobiles, with the proceeds of the tax rebated to purchasers of small automobiles, is an example of
(A) a specific directive
(B) a market incentive modification
(C) an optimal resource allocation
(D) an alteration of a decision-making structure
(E) an external cost
22. If there were no external costs, as they are described in the passage, which of the following would be true?
(A) All technology-control methods would be effective.
(B) Some resource allocations would be illegal.
(C) Prices would include all costs to members of society.
(D) Some decision-making structures would be altered.
(E) The availability of common goods would increase.
23. The author assumes that, in determining what would be an optimal allocation of resources, it would be possible to
(A) assign monetary value to all damage resulting from the use of technology
(B) combine legal methods to yield the theoretical optimum
(C) convince buyers to bear the burden of damage from technological developments
(D) predict the costs of new technological developments
(E) derive an equation making costs depend on prices
