A Negative Externality Exists When

question 125

Multiple Choice

A negative externality exists when:

• A) a person engages in an activity that has a spillover that makes a bystander better off
• B) the market has only one seller
• C) a firm sells its product in an external foreign market
• D) a person engages in an activity that has a spillover that makes a bystander worse off

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Definitions:

Cultures

The shared patterns of behaviors, values, customs, beliefs, and artifacts that members of a society use to cope with their world and with one another.

Marriage

A socially or legally recognized union between individuals that establishes rights and obligations between them.

Human Sexual Behavior

The various ways in which humans express and experience sexuality, encompassing a wide range of activities and preferences.

Social Rules

Unwritten guidelines that dictate the behavior expected of individuals within a society or group.