When You Buy a Car, Which of These Costs Is

question 16

Multiple Choice

When you buy a car, which of these costs is externalized?

• A) The manufacturing cost
• B) The retailer's cost
• C) The cost of a public road system
• D) Licensing fees

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Definitions:

Personal Services

Work done or to be done directly by a person as opposed to a product or commodity, often involving professional or artistic skills.

Foreseeable Damages

Damages that a party could reasonably anticipate at the time of contract formation, should a breach occur.

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than external facts or evidence.

Restitution

The act of restoring someone to their original state, or compensating for a loss, damage, or injury caused.