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A Positive Externality Is an External Benefit That Accrues to the Buyers

question 17

True/False

A positive externality is an external benefit that accrues to the buyers in a market while a negative externality is an external cost that accrues to the sellers in a market.


Definitions:

Hypothalamus

A small but crucial part of the brain that regulates hormones, temperature, hunger, thirst, and circadian rhythms.

Zona Glomerulosa

The outermost layer of the adrenal cortex, responsible for the production of aldosterone, which regulates blood pressure and electrolyte balance.

Acinar Cells

Cells that form acinus, secreting substances in the pancreas and salivary glands.

Zona Reticularis

The zone of the adrenal gland that secretes sex steroids, situated deepest within the adrenal cortex.

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