Externalities Include_____________

question 23

Multiple Choice

Externalities include_____________ .

• A)the costs of raw materials
• B)worker's compensation and insurance
• C)wages
• D)the costs of environmental damage

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Definitions:

Basic Precepts

Fundamental principles or beliefs that serve as the foundation for a system, theory, or organization.

Contract Law

The body of law governing the formation, execution, and enforcement of contracts between parties.

Fair Bargain

A deal or agreement that is considered equitable and satisfactory to all parties involved.

Full Satisfaction

The complete fulfillment of an obligation or payment in a manner that fully satisfies the terms agreed upon.