Externalities Are

question 6

Multiple Choice

Externalities are

• A)side effects passed on to a party other than the buyers and sellers in the market.
• B)side effects of government intervention in markets.
• C)external forces that cause the price of a good to be higher than it otherwise would be.
• D)external forces that help establish equilibrium price.

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Definitions:

Instantaneous Obedience

Immediate compliance with orders or commands without any delay.

Motivation

The psychological forces that influence an individual's direction, intensity, and persistence of voluntary behavior.

Achieving A Goal

The process of setting targets and successfully completing actions or steps to reach the desired outcome.

Definitions of Culture

Various interpretations of culture which may include shared values, traditions, norms, and practices that characterize a group or society.