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Externalities Are Social Costs That Affect Parties External to a Particular

question 27

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Externalities are social costs that affect parties external to a particular economic transaction.


Definitions:

Glucose Molecule

An essential sugar that acts as a key energy supplier in living entities and makes up part of many carbohydrate structures.

Electron-Transport Chain

A chain of molecular structures that move electrons from donors to acceptors through oxidation-reduction reactions, while simultaneously moving protons (H+ ions) across a membrane.

Hydrogen Ions

Positively charged ions (protons) of hydrogen, H+, which play a significant role in acid-base balance and cellular metabolism.

Plasma Membrane

A bi-layer of lipids and proteins that surrounds a cell, controlling the movement of substances in and out of the cell.

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