The Concept of External Cost Is Associated with a Negative

question 164

True/False

The concept of external cost is associated with a negative externality, but not with a positive externality.

---

Definitions:

Unique Qualities

Distinctive characteristics or features that set someone or something apart from others.

Educational

Pertaining to the process of teaching and learning, especially within a school or academic environment.

Self-reward

A process of giving oneself a reward to increase or maintain motivation for completing tasks or achieving goals.

Study Habits

The practices and routines that individuals use to acquire and retain information effectively for academic purposes.