Externalities Are

question 6

Multiple Choice

Externalities are

• A)side effects passed on to a party other than the buyers and sellers in the market.
• B)side effects of government intervention in markets.
• C)external forces that cause the price of a good to be higher than it otherwise would be.
• D)external forces that help establish equilibrium price.

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Definitions:

Cubital Joint

Also referred to as the elbow joint, it is a complex hinge joint involving the humerus, radius, and ulna bones of the arm.

Hinge Joint

A type of joint that allows motion in one plane, similar to the movement of a door hinge, such as the elbow or knee.

Saddle

A supportive structure placed on the back of an animal for riding or an engineering component designed to spread load.

Longitudinal Axis

An imaginary line running from the top to the bottom of an object, defining its vertical orientation.