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A Negative Externality Occurs If Production, or Consumption, by One

question 90

True/False

A negative externality occurs if production, or consumption, by one group reduces the well-being of third parties.

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Definitions:

Trade

The action of buying, selling, or exchanging goods and services between people, firms, or countries.

Exchange Rate

The monetary worth assigned to one currency when converting it to another currency.

United States

A country located in North America, consisting of 50 states and a federal district, known for its diverse geography and economy.

Portugal

A country located in Southern Europe on the Iberian Peninsula, known for its long history, cultural heritage, and maritime explorations.

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