Externalities Result Because

question 16

Multiple Choice

Externalities result because:

• A)the rules of the game are not complete.
• B)there is unemployment.
• C)people are maximizers.
• D)there are not enough resources.

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Definitions:

Profitability

The ability of a business to generate earnings over costs and expenses, indicating its financial success and sustainability.

Art Supplies

Materials, tools, and equipment used for artistic activities such as painting, drawing, and sculpting.

Cash Receipts

A record of all money coming into a business, indicating the company's inflow of cash from its various activities.

Sales Clerk

An employee typically found in a retail environment responsible for assisting customers, processing transactions, and organizing products.