The Term Externalities Refers To

question 101

Multiple Choice

The term externalities refers to:

• A) The inequitable distribution of output.
• B) All costs and benefits of a market activity borne by a third party.
• C) The impact that imported goods have on domestic markets.
• D) Free-riders who benefit but do not pay.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Bicultural Stress

Stress experienced by many ethnic-minority and immigrant adolescents as they negotiate two cultures simultaneously.

Ethnic-minority

A group within a community that possesses unique cultural, religious, or linguistic characteristics differing from the majority population.