An Externality Refers to Economic Events Outside a Market

question 125

True/False

An externality refers to economic events outside a market.

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Definitions:

Ulna

A long bone in the forearm, running from the elbow to the smallest finger, and when in anatomical position, is located on the medial side of the forearm.

Radius

A bone in the forearm that extends from the lateral side of the elbow to the thumb side of the wrist.

Clavicle

A slender, curved long bone that connects the sternum and the scapula; also called the collar bone.

Scapula

Also known as the shoulder blade, it is a large, flat triangular bone located in the upper back, connecting the humerus (upper arm bone) with the clavicle (collarbone).