An Externality Is a Cost or Benefit Arising from an Economic

question 75

Multiple Choice

An externality is a cost or benefit arising from an economic activity that falls on

• A)consumers but not producers.
• B)producers but not consumers.
• C)consumers or producers.
• D)someone other than consumers or producers.
• E)none of the above.

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Definitions:

Tinnitus

A condition characterized by hearing noises such as ringing, buzzing, or humming in the ears when no external sound is present.

Hair Cells

Sensory cells located in the inner ear that are responsible for converting sound vibrations into neural signals.

Auditory Nerve

The Auditory Nerve is a bundle of nerve fibers that carries hearing information from the cochlea of the inner ear directly to the brain.

Oval Window

A membrane-covered opening that separates the middle ear from the inner ear and is crucial for transmitting sound vibrations to the cochlea.