An Externality Is

question 319

Multiple Choice

An externality is

• A) a third-party benefit or cost that is associated with the production of a good.
• B) when external forces such as war or flood affect the market.
• C) government intervention in the markets.
• D) transaction costs.

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Definitions:

Male-Typical Behaviours

Male-typical behaviors are actions or tendencies that are statistically more common among males than females, often discussed in the context of gender differences in psychology or biology.

Female-Typical Behaviours

Behaviors that are statistically more common or socially expected in females, often influenced by societal norms and biological predispositions.

Fetal Alcohol Syndrome Disorder

A range of effects that can occur in an individual whose mother drank alcohol during pregnancy, including physical, behavioral, and learning problems.

Early Substance Abuse

The engagement in the use of illicit drugs, alcohol, or overuse of prescription medication at a young age, which can lead to significant health, legal, and social problems.