What Are Externalities

question 24

Multiple Choice

What are externalities?

• A)valuable resources to a company that the firm does not pay or charge for
• B)issues in the surrounding business environment of a firm that have no impact on the firm's operations or policies
• C)members of the board of directors who are not employed by the firm
• D)none of the above

---

Definitions:

Interest Groups

Organizations formed to influence public policy and decision-making to reflect their members' concerns.

Mills's Criticism

Refers to the critique by sociologist C. Wright Mills of large-scale institutions and their effect on individual's lives, advocating for a greater understanding of the connection between "personal troubles" and "public issues."

Nationalism

The strong identity associated with an extreme sense of allegiance to one’s culture or nation.

Occurrence Examples

Specific instances or cases that serve to illustrate a concept, phenomenon, or pattern.