An Externality Is

question 99

Multiple Choice

An externality is

• A)a benefit realized by the purchaser of a good or service.
• B)a cost paid for by the producer of a good or service.
• C)a benefit or cost experienced by someone who is not a producer or consumer of a good or service.
• D)anything that is external or not relevant to the production of a good or service.

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Definitions:

Gene Therapy

Gene therapy is a medical treatment designed to rectify genetic disorders by introducing, removing, or altering genetic material within a patient's cells.

Mutant Allele

A version of a gene that has undergone a mutation, causing it to differ from the normal allele and possibly lead to a different trait or phenotype.

Normal Allele

An allele that is considered to be the standard or typical form found in a population, often contributing to the average phenotype.

Genome-Wide Association Scans

Studies that involve rapidly scanning markers across complete sets of DNA, or genomes, of many people to find genetic variations associated with a particular disease or trait.