Which of the Following Is Not an External Cost Attributed

question 65

Multiple Choice

Which of the following is not an external cost attributed to the automobile?

• A) air pollution
• B) congestion
• C) noise
• D) purchase price of gasoline

Identify and calculate fixed and variable costs in different scenarios.

Understand the concept of globalization and its impact on markets and production.

Recognize the importance of international organizations in facilitating global trade and cooperation.

Identify and analyze the factors contributing to the globalization of markets.

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Definitions:

Groupthink

Groupthink is a psychological phenomenon where the desire for harmony or conformity within a group results in an irrational or dysfunctional decision-making outcome.

Bay of Pigs

The site of a failed invasion of Cuba by Cuban exiles supported by the U.S. in 1961, aiming to overthrow Fidel Castro's government.

Reciprocity Theory

An exchange theory that focuses on conflict, risk, and the expressive value of exchange.

Reciprocal

A mutual exchange whereby both parties involved provide or receive something of similar value.