An Externality Is an Event That

question 137

Multiple Choice

An externality is an event that

• A)is external to economics.
• B)always brings harm to someone in the economy.
• C)is incidental to some market activity.
• D)harms the economy as a whole rather than a particular person.

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Definitions:

Delphi Technique

A forecasting method involving a panel of experts who anonymously answer questionnaires in multiple rounds, with the responses used to refine the next round of questions.

HR Demand

The projected need for human resources in an organization, based on future business activities and strategies.

Human Resource Forecasting

The process of estimating the future human resource needs of an organization, including the number and types of employees required.

Regression Analysis

A statistical method used to determine the strength and character of the relationship between one dependent variable and one or more independent variables.