Unintended Costs That Are Imposed on Third Parties as a Result

question 120

Multiple Choice

Unintended costs that are imposed on 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:

Tit-For-Tat

A strategy in conflict or competition where actions are reciprocated with similar actions in retaliation or cooperation.

Forgive Others

The process of letting go of resentment, anger, or claims against someone else who has committed an offense, wrongdoing, or mistake against oneself.

Reciprocity Norm

A social norm that expects individuals to help those who have helped them, fostering a culture of mutual aid and support.

Emergency Help

Immediate assistance or aid provided during a crisis or when someone is in need.