Identify the Following Terms

question 60

Short Answer

Identify the following terms.
-Vincente Fox

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Definitions:

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with production or consumption of goods and services.

Corporate Jet

A private aircraft owned or leased by a company for the transportation of its executives, employees, or clients.

Automobile Manufacturer

A company that engages in the design, production, marketing, and selling of motor vehicles.

Market Prices

The prevailing rates at which goods and services are traded in the market, determined by supply and demand.