Examlex
Compared to people who are not physically attractive, people who are physically beautiful are assumed to be superior on many traits-including intelligence, sexual warmth, and popularity. This assumption is known as the ____.
Positive Externality
Positive Externality occurs when a transaction or activity benefits a third party not directly involved, like the societal benefit of education or vaccinations.
External Benefit
A benefit that an individual or firm confers on others without receiving compensation.
Household Production
The creation of goods and services within a home for personal use, employing family labor and resources.
Child Care
The care and supervision of a child or multiple children at a time, whose ages can range from two weeks to eighteen years. Child care is the action or skill of looking after children by a day-care center, nannies, babysitter, teachers, or other providers.
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