Dumping Raw Sewage into Boston Harbor Is an Example of a _____

question 122

Multiple Choice

Dumping raw sewage into Boston Harbor is an example of a _____

• A)negative externality.
• B)positive externality.
• C)private cost.
• D)sunk cost.
• E)public good.

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Definitions:

Nonwrongfully Dissociates

The process by which a partner departs from a partnership according to the terms of the partnership agreement or without violating any legal obligations.

Liability

The state of being legally responsible for something, especially in terms of owing money or being obligated to provide compensation for damage or injury.

Creditors

People or organizations that are creditors to whom debtors or borrowers owe money.

Novation

The replacement of an original contract with a new one, where a new party takes over the rights and duties of the original party, with the consent of all parties involved.