Figure 5-2 Figure 5-2 Shows a Market with a Negative

question 189

Multiple Choice

Figure 5-2 Figure 5-2 shows a market with a negative externality.
-A market demand curve reflects the

• A) private benefits of consuming a product.
• B) external benefits of consuming a product.
• C) social benefits of consuming a product.
• D) the sum of private and social benefits of consuming a product.

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Definitions:

Racial Categories

Classification systems that divide humans into groups based on physical and genetic traits, which are socially constructed and have significant implications for social identity and hierarchy.

Colonization

The act of establishing control over indigenous peoples and their lands by foreign powers or states, often involving settlement and exploitation.

Foreign Power

Typically refers to a country or an entity that has influence, control, or authority outside of its own borders.

Plague

An infectious disease that can cause high mortality rates and have significant impacts on populations, historically and in modern times.