Unintended Costs That Are Imposed in Third Parties as a Result

question 80

Multiple Choice

Unintended costs that are imposed in third parties as a result of an economic activity are called:

• A) marginal costs.
• B) direct costs.
• C) negative externalities.
• D) positive externalities.
• E) positive costs.

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Definitions:

Grossly Negligent

Showing a severe lack of care or deliberation that results in blatant disregard for the safety or rights of others, often leading to extreme harm or risk.

Jeweller

A person or entity engaged in the business of selling and sometimes manufacturing jewelry.

Commercial Aircraft

Airplanes designated for carrying passengers or cargo as part of a business for profit, excluding military or private aircraft.

Flight Attendant

An airline employee responsible for ensuring the safety, comfort, and needs of passengers during a flight.