An External Cost Is

question 90

Multiple Choice

An external cost is:

• A) a cost paid by the consumer or the producer.
• B) a cost paid by people other than the consumer or the producer trading in the market.
• C) the cost to everyone.
• D) the cost of reaching an agreement.

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Definitions:

Communication

The process of transmitting information, ideas, emotions, skills, and knowledge from one entity or person to another.

Monochronic Cultures

Cultures in which people tend to do one thing at a time.

Low-context Cultures

Cultures in which communication is direct, precise, and explicit, relying less on context and non-verbal cues to convey meaning.

Silent Language

Non-verbal forms of communication, such as body language, facial expressions, and gestures, that convey messages without the use of words.