An Externality Is

question 15

Multiple Choice

An externality is:

• A) always a benefit to the recipient.
• B) always a detriment to the recipient.
• C) an activity that occurs in a business which is unknown to management.
• D) unintended benefits or costs imposed on third parties as a result of economic activity.
• E) an act, caused by a firm located in this country, which has an effect on a person in a foreign country.

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Definitions:

Color Terms

Words used within a language to describe or refer to specific colors encountered in the environment.

Arbitrariness

The lack of necessary or logical connection between a word or symbol and its meaning, illustrating how cultural conventions shape language.

Regularity

The condition of conforming to a pattern, rule, or standard, typically resulting in predictability or uniformity within a specific context.

Linguistic Competence

Linguistic competence is the ability of an individual to understand and use the rules of a language, including its grammar, vocabulary, and pronunciation.