An Action by an Economic Agent That Imposes Costs on Other

question 16

Multiple Choice

An action by an economic agent that imposes costs on other economic agents is referred to as:

• A) negative endogenous reaction.
• B) positive endogenous reaction.
• C) positive externality.
• D) negative externality.

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Definitions:

Extrinsic

Pertaining to external factors or influences, often referring to motivation that comes from outside an individual, such as rewards or punishments.

Moral Values

Values or types of behavior that serve as a basis for ethical conduct and are formed through the influence of the family, culture, or society.

Ethical Conduct

Adherence to accepted standards of behavior or professional practice, often involving principles of honesty, fairness, and respect.

Right to Confidentiality

The ethical and legal obligation of healthcare providers to protect patient information from unauthorized access or disclosure.