Negative Externalities Occur When One Person's Actions

question 217

Multiple Choice

Negative externalities occur when one person's actions

• A)cause another person to lose money in a stock market transaction.
• B)cause his or her employer to lose business.
• C)reveal his or her preference for foreign-produced goods.
• D)adversely affect the well-being of a bystander who is not a party to the action.

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Definitions:

Medicare

A federal health insurance program in the United States primarily for people who are 65 or older, as well as for some younger people with disabilities or specific conditions.

Federal Insurance

programs or coverage provided by the national government to protect citizens against specific risks like unemployment, health issues, or retirement.

Aged 65

Refers to individuals who are 65 years old or older, often considered a benchmark age for 'elderly' or 'senior' status in many societal contexts.

Preferred Provider Organization

A type of health insurance plan that offers a network of healthcare providers to its members at discounted rates.