Externalities Are

question 102

Multiple Choice

Externalities are:

• A)external forces that help establish equilibrium price
• B)external forces that cause the price of a good to be higher than it otherwise would be
• C)side effects of government intervention in markets
• D)side effects passed on to a party other than the buyers and sellers in the market

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Definitions:

Financial Outlay

The total amount of money that is spent on a particular investment, project, or enterprise.

Inside Order Taker

A salesperson who takes customer orders via phone, email, or online, typically working from the inside of an organization rather than engaging in field sales.

Checkout Counter

The area in a store where customers pay for their purchases, typically equipped with a cash register or payment terminal.

Sales Associate

An employee in retail or other industries who assists customers with purchases, providing product information, and ensuring customer satisfaction.