40. The given statement is false because " The Tragedy of Commons" is written by Garrett Hardin (1968) who is an American philosopher and ecologist. This article is based on Economy theory and use of natural resources by people.
41. Cost externalizing is the cost of production by the producer which is future used by society in all. Externalizing of cost meant for the companies which reflects greater profit which is further paid by society. In short, it's the maximization of profit. Hence, the given statement is false.
42. The given statement is False because external cost also known as negative externalities is never the part cost of transactions and its allied activities. It can't be controlled or measured empirically. It is usually levied on third party. They are also not part of the price of the product. It is paid by society as a whole through tax, compensation and other payments. Hence, it is not easy to quantity external cost.
43. The unrestricted growth in different areas of housing and development, commercial activities, road and land expansion which comes under Urban planning is known as Urban sprawl. It is synonyms to urbanization ( which also includes migration of people from populated cities to low population density area). It is the expansion of the geographical area which focuses on multidimensional perspectives of development. Hence, the given statement is false.
Section Two: True (a) or False (b) 40. The "Tragedy of the Commons" was an environmental...