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When a Transaction Between a Buyer and Seller Directly Affects

question 12

True/False

When a transaction between a buyer and seller directly affects a third party, the effect is called an externality.


Definitions:

Adolescents

Individuals typically between the ages of 10 and 19 years, characterized by physical, psychological, and social developmental changes.

Caregivers

Individuals who provide care to someone with a illness, disability, or needs associated with aging, often without professional training or compensation.

UPC Codes

Universal Product Codes; a barcode symbol that manufacturers assign to products for identification and inventory purposes.

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