An External Cost Is Typically Referred to as A

question 1

Multiple Choice

An external cost is typically referred to as a:

• A)societal drain.
• B)negative externality.
• C)negative cost.
• D)network externality.

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Definitions:

Experimental Treatment

A procedure or intervention applied in a controlled environment to observe its effects on a variable of interest, typically to validate hypotheses in research.

Randomly Assigned

A method in experimental design where subjects are allocated to groups or conditions in a way that is free of bias and unpredictable.

Experimental

Pertaining to a method of research in which variables are manipulated to observe the effects on another variable, allowing for causal relationships to be established.

Experimental Treatment

refers to a novel or untested intervention or therapy being studied to determine its effectiveness in addressing a medical or psychological condition.