Charities Are an Example of a Private Solution to an Externality

question 35

True/False

Charities are an example of a private solution to an externality.

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Definitions:

Document of Title

A legal document proving a person's rights to the property or goods listed on it.

Conditional Sales Contracts

Agreements where the sale is contingent upon certain conditions, often related to the buyer's full payment to the seller.

Sale-On-Approval

A contractual arrangement where the buyer takes possession of goods with the right to return them within a specified period if they are not satisfactory.

Buyer to Take Possession

The obligation of a buyer to take control or ownership of purchased goods or property.