What Are Externalities

question 24

Multiple Choice

What are externalities?

• A)valuable resources to a company that the firm does not pay or charge for
• B)issues in the surrounding business environment of a firm that have no impact on the firm's operations or policies
• C)members of the board of directors who are not employed by the firm
• D)none of the above

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Definitions:

Erikson

Refers to Erik H. Erikson, a developmental psychologist and psychoanalyst known for his theory on the psychosocial development of human beings.

Psychosocial Development

A theory proposed by Erik Erikson that describes how individuals' social interactions and understanding of themselves progress through eight stages over their lifetime.

Ecology

The branch of biology that deals with the relationships between living organisms and their environment.

Living Organisms

Entities that exhibit the characteristics of life, such as growth, reproduction, and the ability to respond to their environment.