An Example of an Activity That Generates an Externality Is

question 8

Multiple Choice

An example of an activity that generates an externality is pursuing a graduate degree in economics.

• A)True
• B)False
• C)Uncertain

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Definitions:

International Access

The ability or right to reach or use services, resources, or information across country borders.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to an increase in global connections.

Governments

Institutions or groups of people governing a community or unit, making and enforcing rules for a society.

International Trade Agreements

Formal accords between countries that govern the rules, regulations, and standards for trade and economic exchange across borders.