An Externality Is

question 22

Multiple Choice

An externality is

• A) not a political problem because it is external to the political process.
• B) not an economic problem because it is external to the market system.
• C) a benefit or cost that accrues to someone who had nothing to do with the production or consumption of a good.
• D) a pure political or economic good that is shared by the various nation-states all of which pay equally for the production and consumption of the good.

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Definitions:

Lifestyle

The way in which a person or group lives, including their activities, attitudes, and habits.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Establishing Credibility

The process of building trust and authority in a particular field or subject matter, often through demonstrating expertise or experience.

Persuasive Messages

Communications designed to convince or influence the audience to adopt a certain viewpoint or take a specific action.