An Externality Can Occur When

question 18

Multiple Choice

An externality can occur when:

• A)a voluntary transaction between two individuals creates economic value.
• B)a person's action affects another's wealth either positively or negatively.
• C)a self-interested individual tries to maximize his/her profits.
• D)a voluntary transaction between two individuals creates economic loss.

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Definitions:

File And Print Sharing

File and Print Sharing is a network feature that allows users to access files and printers connected to a network from different computers.

VPN

Virtual Private Network, a service that creates a secure, encrypted connection over a less secure network, such as the Internet.

SSO

Single Sign-On, an authentication process that allows a user to access multiple applications with one set of login credentials, simplifying the management of usernames and passwords.

TPM

Trusted Platform Module, a specialized chip on an endpoint device that secures hardware through integrated cryptographic keys.