An External Cost Is Borne by

question 84

Multiple Choice

An external cost is borne by

• A)The producer of the good.
• B)The consumers of the good.
• C)A third party to the market transaction.
• D)Employees of the firm that produces the good.

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Definitions:

Brazilian Reais

The official currency of Brazil, symbolized as BRL and represented by the symbol R$.

Hiking Boots

Footwear designed specifically for protecting the feet and ankles during outdoor walking activities such as hiking.

Net Exports

The value of a country's total exports minus its total imports, representing the net trade of goods and services with foreign countries over a specific time period.

Net Capital Outflow

The difference between the domestic country's total purchase of foreign assets and foreign purchases of the domestic country's assets over a specific period of time.