An Externality Is

question 442

Multiple Choice

An externality is

• A)the costs that parties incur in the process of agreeing and following through on a bargain.
• B)the uncompensated impact of one person's actions on the well-being of a bystander.
• C)the proposition that private parties can bargain without cost over the allocation of resources.
• D)a market equilibrium tax.

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Definitions:

Inherent Vulnerable

A state of being naturally exposed or susceptible to being harmed or adversely affected due to intrinsic characteristics or conditions.

Lowered Epinephrine

Refers to a decreased level of epinephrine, a hormone and neurotransmitter involved in the body's fight-or-flight response.

Stress

A psychological and physical reaction to demands, perceived as challenges or threats, which can affect health and wellbeing.

Cytokine Release

The process by which immune cells secrete cytokines, proteins that modulate the immune and inflammatory responses.