When a Transaction Between a Buyer and Seller Directly Affects

question 12

True/False

When a transaction between a buyer and seller directly affects a third party, the effect is called an externality.

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Definitions:

Identical Twins

Siblings born from the same pregnancy who share all of their genes because they were formed from a single zygote that split into two.

Misinterpretations

Incorrect or mistaken understanding or explanation of a statement, action, or event.

Compulsions

Repetitive or ritualistic acts that, in OCD, serve in some way to deal with the obsessions.

Hallucinations

Perceptions in the absence of external stimuli, such as seeing, hearing, feeling, or smelling things that are not there.