An Externality Can Be a Cost or Benefit Arising from the Production

question 408

Multiple Choice

An externality can be a cost or benefit arising from the production of a good that falls upon

• A) consumers but not producers.
• B) producers but not consumers.
• C) both the consumer and the producer.
• D) someone other than the consumer or producer.

---

Definitions:

European Middle Class

A socio-economic group in Europe typically characterized by moderate wealth, educational attainment, and a degree of cultural influence.

Atlantic Slave Trade

The historical trade of African peoples, forcibly transported to the Americas as slaves by European traders from the 16th to the 19th centuries.

Portuguese

Relating to Portugal or its people, language, or culture, a Southern European country on the Iberian Peninsula.

African Captors

Describes individuals or groups in Africa involved in capturing people, often related to slave trade practices historically.