An Externality Refers to Economic Events Outside a Market

question 125

True/False

An externality refers to economic events outside a market.

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Definitions:

Presentation Software

A computer application used to create, design, and display slideshows or multimedia presentations.

Personal Computers

Electronic devices that are used by individuals for various tasks such as word processing, internet browsing, and gaming, distinct from larger systems intended for communal use or professional data centers.

Web-Based Tool

An application or software that is accessible over the internet and helps users perform specific tasks online.

Internet Cloud

A metaphor for the global network of remote servers hosted on the Internet to store, manage, and process data, rather than on local servers or personal computers.