An Externality Is

question 53

Multiple Choice

An externality is

• A) a benefit realised by the purchaser of a good or service.
• B) a cost paid for by the producer of a good or service.
• C) a benefit or cost experienced by someone who is not a producer or consumer of a good or service.
• D) anything that is external or not relevant to the production of a good or service.

---

Definitions:

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Freud

Sigmund Freud was an Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and behavioral patterns.

Id

In psychoanalytic theory, the part of the mind that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.