An Action by an Economic Agent That Imposes Costs on Other

question 16

Multiple Choice

An action by an economic agent that imposes costs on other economic agents is referred to as:

• A) negative endogenous reaction.
• B) positive endogenous reaction.
• C) positive externality.
• D) negative externality.

---

Definitions:

Consuming

The act of using up goods or services either by purchasing or utilizing them.

Maximizing

Seeking to make as large as possible; in economics, often involves actions like profit maximization or utility maximization.

Daisy

A common name for a variety of flowering plants in the family Asteraceae, known for their simple yet appealing appearance.

Total Utility

The complete gratification or advantage gained from the consumption of a specific amount of a product or service.