An External Benefit Is a Benefit That

question 292

Multiple Choice

An external benefit is a benefit that

• A) is enjoyed by someone other than the buyer of a good.
• B) always equals external cost.
• C) experiences increasing marginal returns.
• D) is greatest at the equilibrium point.

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Definitions:

Positive Feedback

A biological mechanism in which the end product of a process enhances its own production or effect.

Blood Pressure

The pressure exerted by circulating blood upon the walls of blood vessels, typically measured in the arteries.

Homeostatic Variables

Factors or conditions within the body that are maintained within a narrow range for the stability of the body's internal environment, including temperature, pH, and glucose levels.

Narrow Change

Refers to a minimal or slight alteration in a condition or value.