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

question 40

True/False

Externalities are the unintended negative (or in some cases positive) consequences that an economic transaction between two parties can have on some third party.

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Definitions:

Threshold

The minimum level of stimulus intensity required to activate a neuron or to trigger a physiological response.

Depolarization

A process in neurons and muscle cells where the membrane potential becomes less negative, leading towards an action potential.

Repolarization

The restoration of the membrane potential to its resting state after depolarization in excitable cells.

Afterpotential

The changes in membrane potential that occur after an action potential, often influencing the neuron's excitability.