It Is a Good Idea to Use a Custom Format

question 26

True/False

It is a good idea to use a custom format to label the top left corner of a two-variable data table with a readable label.

---

Definitions:

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, typically associated with public goods or services, like education or vaccination.

Market Inefficiency

A situation where resources are not allocated optimally, leading to a waste of resources or an inability to reach market equilibrium.

Supply And Demand Diagram

A graphical representation of the relationship between the quantity of a good or service that suppliers are willing to offer and the quantity that consumers are willing to purchase at various prices.

Negative Externality

occurs when a product or decision results in a negative effect on a third party who is not involved in the transaction or decision.