Costs That Spill Over to Third Parties Are Called

question 1

Multiple Choice

Costs that spill over to third parties are called

• A) opportunity costs.
• B) variable costs.
• C) public costs.
• D) negative externalities.

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Definitions:

Idealize Loved Ones

The psychological phenomenon of perceiving a loved one in an overly positive manner, ignoring their flaws or shortcomings.

Widower Effect

The observed phenomenon where individuals, especially men, show increased mortality risk after the death of a spouse, suggesting the significant impact of spousal loss on surviving partners’ health.

Widowed

A term describing someone whose spouse has died and who has not remarried.

Frail Elderly

Older adults who are often vulnerable due to significant physical or cognitive decline.