When an Action by One Agent Harms Another Outside of Any

question 31

Multiple Choice

When an action by one agent harms another outside of any market exchange, there is a(n) :

• A) public choice.
• B) tax incidence.
• C) transfer payment.
• D) external cost.

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Definitions:

Ethnic Background

A category of social identity that relates to an individual's ancestry and cultural traditions.

Various Cultures

The diverse set of beliefs, customs, practices, and social behaviors of different groups or societies.

Rosenthal

Refers to the Rosenthal effect, also known as the experimenter expectancy effect, where the researcher's expectations influence the outcome of a study.

Socioeconomic Status

An aggregate measure of an individual or family's economic and social position relative to others, based on income, education, and occupation.