Which of the Following Is NOT Referred to as Venison

question 11

Multiple Choice

Which of the following is NOT referred to as venison?

• A) blackbuck antelope
• B) white-tail deer
• C) elk
• D) moose

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Refers to the optimal distribution of resources and goods in a way that maximizes the welfare or utility of consumers.

External Costs

Expenses that a business or economic activity imposes on unrelated third parties or the environment, which are not reflected in market prices.

External Benefits

External Benefits are positive effects of a production or consumption activity on third parties who did not directly participate in the economic transaction.

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The condition of having insufficient resources or income to meet basic life needs.