An Example of Negative Externality Is the Costs Faced by Small

question 60

True/False

An example of negative externality is the costs faced by small businesses in a one-bank town if the local bank fails.

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Definitions:

Agribusiness

The industry involved in the production, processing, and distribution of agricultural products.

Front-counter Worker

Employees who interact directly with customers, providing service and support typically in a retail or service establishment.

Silviculture And Forestry

The practice and science of managing forests and woodlands for their conservation and the sustainable production of resources.

Industrial Illness

Health conditions or diseases primarily resulting from exposure to hazards or unhealthy conditions in the workplace, especially common in industrial settings.