An Externality Exists When

question 44

Multiple Choice

An externality exists when

• A) goods are sold in specific geographic locations.
• B) some of the benefits or costs associated with a good are borne by third parties.
• C) the government taxes a good.
• D) the government subsidizes a good.

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Definitions:

Political Opportunities

Circumstances or situations that facilitate the ability of social movements or actors to exert influence on political systems.

Social Control

Mechanisms, strategies, and institutions used by societies to regulate individual behavior and maintain social order and conformity.

Collective Violence

Violence committed by groups of individuals or states, including acts of war, genocide, and riots, often motivated by social, political, or economic objectives.

Political Parties

Are organizations that compete for control of government in regular elections. In the process, they give voice to policy alternatives and rally adult citizens to vote.