A Cost or Benefit of a Good Imposed on People

question 93

Multiple Choice

A cost or benefit of a good imposed on people other than the consumers or producer of a good is called a(n) :

• A) public good.
• B) merit good.
• C) private good.
• D) externality.

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Definitions:

Career Function

The aspects of a job or role that aid in an individual's career advancement, including opportunities for training, networking, and professional growth.

Mentoring Relationship

A professional relationship in which an experienced person (the mentor) provides guidance, advice, and support to a less experienced person (the mentee).

Orientation Program

A structured introduction for new employees to familiarize them with organizational policies, culture, and procedures.

Employed

Refers to individuals who work for someone else or own their own business, thus actively participating in the workforce.