The Cost or Benefit of a Market Activity Borne by a Third

question 85

Multiple Choice

The cost or benefit of a market activity borne by a third party is

• A)An externality.
• B)A government directive.
• C)A monopoly.
• D)Black-market economic activity.

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Definitions:

Group Spirit

The sense of solidarity, enthusiasm, and loyalty shared by members within a group, team, or community.

Deliberate

To think about or discuss something very carefully in order to make a decision.

Controlled Mind

The state of consciously regulating thoughts, emotions, and actions through mental processes and self-discipline.

Automatic Mind

Refers to the unconscious processing in the brain that guides most of our behaviors and decisions without deliberate thought.