Examlex

Solved

An Example of Negative Externality Is the Costs Faced by Small

question 60

True/False

An example of negative externality is the costs faced by small businesses in a one-bank town if the local bank fails.


Definitions:

Rights of Appeal

Legal entitlements allowing a party to request a formal change to an official decision through a higher court.

Federal Trade Commission

A U.S. federal agency tasked with protecting consumer rights and eliminating anticompetitive business practices.

Federal Legislation

Laws enacted by the national government of a country that apply to the people and entities within its jurisdiction.

Food and Drugs

Regulatory category pertaining to the safety, efficacy, and labeling of consumables and medications for public health.

Related Questions