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In Which of the Following Markets Are External Benefits Most

question 10

Multiple Choice

In which of the following markets are external benefits most likely to exist?


Definitions:

Urbanized Group

A population living in areas characterized by high human settlement density and infrastructure of built environment.

Skilled Trades

Occupations that require specific training, often involving manual work, such as carpentry, plumbing, and electrical work.

Residential Segregation

The separation of people into different neighborhoods on the basis of race, ethnicity, or economic status.

Free Black Population

Refers to African Americans who were not enslaved, particularly before and during the Civil War in the United States.

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