What Is an Externality

question 73

Multiple Choice

What is an externality?

• A)A good that is nonexcludable but rival in consumption
• B)A cost or benefit for stakeholders other than the actor undertaking an action
• C)An effect created by the interaction between two states
• D)A good that is nonexcludable and nonrival in consumption
• E)An international agency that monitors compliance with regulations

---

Definitions:

Copyright Protection

A form of intellectual property law that safeguards creators' rights over their original works from unauthorized use.

Sampling Rate

The number of times per second a signal is measured and converted to a digital value. Sampling rates are measured in kilobits per second.

Analog-to-Digital Conversion

The process of converting analog signals into digital format for processing, storage, or transmission.

Analog Wave

An analog wave is a continuous signal that varies smoothly over time, representing changes in physical quantities such as sound, light, or electrical voltage.