A Cost or Benefit of a Good Imposed on People

question 93

Multiple Choice

A cost or benefit of a good imposed on people other than the consumers or producer of a good is called a(n) :

• A) public good.
• B) merit good.
• C) private good.
• D) externality.

---

Definitions:

Skeptical Audiences

Groups or individuals who are inclined to doubt or question the validity of information presented to them.

Indirect Approach

A communication strategy that involves conveying a message in a roundabout way, rather than stating it directly, often used to soften the impact.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Speculation

The act of forming theories or conjectures without firm evidence, often about financial markets or future events.