An _______ Results from Any Action That Imposes Costs on Others

question 106

Multiple Choice

An _______ results from any action that imposes costs on others outside of any market exchange.

• A) internal cost
• B) outside cost
• C) external cost
• D) endogenous cost

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Definitions:

Portable CD Players

Compact disc players that are small and light enough to be carried around easily, allowing for music playback through headphones or external speakers.

Federal Income Tax

A charge imposed by the IRS on the yearly income of persons, companies, trusts, and other legal bodies.

Withheld

Amount of an employee's pay withheld by the employer for tax or other purposes.

Matched By Employer

Contributions made by an employer towards a benefit scheme (e.g., pension, health insurance) that match the contributions made by employees.