There Are Different Types of Direct Effect

question 19

Multiple Choice

There are different types of direct effect. What are they?

• A) Parallel Direct Effect
• B) Standing direct effect
• C) Vertical direct effect
• D) Upper Direct Effect
• E) Horizontal direct effect

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Definitions:

External Cost

Costs incurred by a third party who did not agree to the action causing the cost, typically associated with environmental, health, and social impacts.

Equitable Distribution

The fair and impartial division of resources or wealth among all members of a society.

Government Role

The responsibilities and activities undertaken by a government, including the creation and enforcement of laws, economic regulation, and public services.

Capital Goods

Physical assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.