An Externality Is

question 442

Multiple Choice

An externality is

• A)the costs that parties incur in the process of agreeing and following through on a bargain.
• B)the uncompensated impact of one person's actions on the well-being of a bystander.
• C)the proposition that private parties can bargain without cost over the allocation of resources.
• D)a market equilibrium tax.

Gain insight into the electoral influence phenomena, such as the presidential coat-tails effect.

Analyze the role and effects of campaign finance in the political process.

Evaluate the constitutional requirements for holding federal elected office.

Identify factors influencing voter participation and the composition of the electorate.

---

Definitions:

Dog Kibble

Small, dry pieces of food formulated for dogs' nutritional needs.

Break-even Price

The market price at which the total costs of production equal the revenues for a product or service, resulting in no net loss or gain.

Noise-cancelling Headphones

Headphones that reduce unwanted ambient sounds using active noise control technology.

Markdown

A reduction from the original or list price of goods, often to encourage sales.