When All the Costs and Benefits of a Good or Service

question 14

True/False

When all the costs and benefits of a good or service are fully internalized or absorbed by producers or consumers,those costs or benefits fall elsewhere as externalities.

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Definitions:

Respiratory Alkalosis

Abnormal condition characterized by decreased arterial carbon dioxide concentration and hydrogen ion concentration.

Excessive Edema

An abnormally large accumulation of fluid in the tissues of the body, leading to swelling, often due to heart, liver, or kidney disease.

Temperature

The degree of internal heat of an object or organism, often measured in degrees Celsius or Fahrenheit, indicative of the state of being hot or cold.

Diarrhea

A condition characterized by the frequent passage of loose or watery stools, often a sign of infection or digestive issue.