An Example of an Externality Is the Impact of

question 46

Multiple Choice

An example of an externality is the impact of

• A)bad weather on the income of farmers.
• B)the personal income tax on a person's ability to purchase goods and services.
• C)pollution from a factory on the health of people in the vicinity of the factory.
• D)increases in health care costs on the health of individuals in society.

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Definitions:

Kindergarten Graduation

A ceremonial acknowledgment signifying the completion of preschool education, where children are recognized before transitioning into elementary school.

Avoidance Behaviors

Actions taken to evade a perceived threat or to minimize exposure to something feared.

Chronic Condition

A long-lasting medical condition that requires ongoing management and treatment, often involving multiple health issues or diseases.

Self-punishment

The act of inflicting punishment on oneself as a response to one's own behavior or perceived wrongdoing.