Albert,Betty,Christine and David Are All Very Good Students

question 10

Multiple Choice

Albert,Betty,Christine and David are all very good students.When they hold their study sessions,they often discuss very difficult concepts in great detail.Christine's roommate,Elizabeth,who takes completely different classes,still learns from the discussions of the others.This is the case of a/an _____,which _____ a _____.

• A)public good; benefits; third party
• B)externality; imposes a cost on; free rider
• C)market failure; results from; third party
• D)free rider; benefits from; third party
• E)externality; benefits; third party

---

Definitions:

NASDAQ

An American stock exchange and the second-largest stock exchange in the world by market capitalization, known for its high concentration of technology companies.

New York Stock Exchange

One of the largest stock exchanges in the world, located in New York City, where stocks are bought and sold.

Negative Amortization

A situation in which the principal balance on a loan increases because the payments made do not cover the interest due.

Early Payments

Early payments are payments made before their due date, which can help reduce the amount of interest owed over time on loans.