Which of the Following Best Describes the Term Externalities

question 68

Multiple Choice

Which of the following best describes the term externalities?

• A)the money that firms set aside to give away to society
• B)the taxes that firms pay
• C)the unintended consequences of profit-seeking activities
• D)the unexpected external causes that hinder successful business transactions

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Definitions:

Ratio

A quantitative relationship between two numbers showing how many times one value contains or is contained within the other.

Express

To show, manifest, or reveal something through words, gestures, actions, or artistic expression.

Proportion

A portion, fraction, or quantity assessed in relation to its total entity.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.