Externalities Are Effects of a Transaction on

question 31

Multiple Choice

Externalities are effects of a transaction on

• A)the buyers and sellers.
• B)the sellers but not the buyers.
• C)the buyers but not the sellers.
• D)someone other than the buyer or seller.

---

Definitions:

Andrew Jackson

The seventh President of the United States, known for his policies towards Native American removal, founding of the Democratic Party, and his role in the War of 1812.

American Foreign Anti-Slavery Society

An organization established in 1839, focusing on combating slavery outside the United States, particularly in the Caribbean and South America.

Abolitionists

Abolitionists were individuals, in the 18th and 19th centuries, committed to the movement to end the slave trade and emancipate slaves, operating in both America and Europe, through advocating, campaigning, and influencing legislative change.

Constitution

The supreme law of the United States, establishing the framework for the federal government and outlining the rights of citizens.