The Cost Imposed by an Economic Activity on Others,who Are

question 76

Multiple Choice

The cost imposed by an economic activity on others,who are not directly involved in the transaction,is referred to as:

• A)a sunk cost.
• B)an implicit cost.
• C)an external cost.
• D)resource overutilization.

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Definitions:

Premoral Stage

In Piaget’s theory of moral development, characterizes preschoolers who are unconcerned about established rules or standards.

Needs-Based Reasoning

Reasoning about other people’s needs in which one must weigh one’s own personal needs against those of others.

Tolerance

The willingness to accept and permit beliefs or practices that one may disagree with or find undesirable.

Constantly Comparing

The habitual act of comparing oneself to others in various aspects of life.