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.

---

Definitions:

Confederate

An individual or entity allied with others for a common purpose, often used in historical contexts to refer to states or groups in the American Civil War.

Bystanders

Individuals who are present at an event or incident but do not take part in it, sometimes within the context of witnessing an emergency or a situation requiring intervention.

Deserving

A judgment about whether an individual or group is entitled to something based on perceived merit or need.

Needy Person

An individual who requires more attention, support, or resources than what is considered average or typical.