A Cost or Benefit of a Good Imposed on People

question 93

Multiple Choice

A cost or benefit of a good imposed on people other than the consumers or producer of a good is called a(n) :

• A) public good.
• B) merit good.
• C) private good.
• D) externality.

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Definitions:

Breast Augmentation

A cosmetic surgery procedure aimed at increasing the size, changing the shape, or altering the texture of the breasts.

Ageism

Discrimination or prejudice against individuals based on their age, often targeting the elderly.

Mandatory Retirement

A policy or practice requiring employees to retire at a certain age, regardless of their personal desire or capacity to continue working.

Life Expectancy

The average number of years an individual is expected to live, based on current mortality rates and health conditions.