What Is Daylight Savings Time (DST)

question 33

Multiple Choice

What is Daylight Savings Time (DST) ?

• A) The practice of shifting clocks forward one hour in the spring and summer to gain daylight early in the morning
• B) The practice of shifting clocks back one hour in the spring and summer to gain daylight late in the evening
• C) The practice of shifting clocks forward one hour in the fall and winter to gain daylight early in the morning
• D) The practice of shifting clocks forward one hour in the fall and winter to gain daylight late in the evening
• E) The practice of shifting clocks forward one hour in the spring and fall to gain daylight early in the morning

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Definitions:

Externality

An economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume.

Activity

Any action or task undertaken by individuals or groups, often resulting in production or consumption of goods or services.

External Costs

Costs of economic activities that affect third parties outside the transaction, which are not reflected in market prices.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditures.