An Externality Is

question 89

Multiple Choice

An externality is

• A)the amount by which price exceeds marginal private cost.
• B)the amount by which price exceeds marginal social cost.
• C)the effect of government regulation on market price and output.
• D)someone who consumes a good without paying for it.
• E)a cost or benefit that arises from an activity but affects people not part of the original activity.

Understand the effect of anti-assignment clauses in contracts.

Differentiate between the roles and rights of assignors and assignees in the assignment process.

Grasp the legal distinctions between personal and non-personal contracts in terms of assignment possibility.

Recognize various exceptions to the general rules of contract assignment.

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Definitions:

Suicide Rate

The number of suicides occurring within a given population per unit of time, typically per year.

White Males

This term refers to adult human males who are identified as having a pale or lighter pigmentation characteristic of certain ethnic groups, often used in demographic and sociological analyses.

Pre-teens

Children who are between the ages of 9 and 12; not yet teenagers but no longer considered young children.

Bipolar Suffers

Individuals diagnosed with bipolar disorder, a mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).