Externalities Are the Intended Negative (Or in Some Cases Positive)

question 5

True/False

Externalities are the intended negative (or in some cases positive) consequences that two parties purposefully impose on an external third party.

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Definitions:

Sunburn

Skin damage caused by excessive exposure to ultraviolet rays, leading to redness and pain.

Sunbathing

The act of sitting or lying in the sun for the purpose of getting a tan or for relaxation.

Inhaled Poison

A toxic substance that is breathed into the lungs, potentially causing harm or injury to the body.

Fresh Air

Air that is outdoor, unpolluted, and considered beneficial to breathe in contrast to stale or indoor air.