What Are External Benefits

question 51

Multiple Choice

What are external benefits?

• A)The benefits that are enjoyed by people other than the producers or consumers of a product.
• B)The benefits that are enjoyed by outside workers.
• C)The benefits that are obtained from importing products from abroad.
• D)The benefits that a firm obtains from opening up plants abroad.

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Definitions:

Impulse Control

The ability to delay gratification and resist unwanted behaviors or urges.

Concrete Operational Skills

Cognitive abilities in children aged 7 to 12, allowing logical thinking about concrete events.

Transitive Influence

The capacity to affect changes in others or situations through direct or indirect action or communication.

Seriation

A type of classification that involves ordering objects in a series according to a physical dimension such as height, weight, or color.