When an Economic Activity Generates a Benefit for Those Who

question 20

Multiple Choice

When an economic activity generates a benefit for those who are not directly involved in it a(n) _____ is said to exist.

• A)competitive advantage
• B)marginal benefit
• C)external benefit
• D)tragedy of commons problem.

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Definitions:

Antietam

The site of a decisive battle during the American Civil War in September 1862, known as the bloodiest single-day battle in American history.

Emancipation

The act of freeing individuals from slavery or servitude.

White Northerners

Individuals from the northern United States, typically associated with specific historical, cultural, or political contexts.

Civil War

A major conflict within a country or between factions within a country, often characterized by a struggle for power, territory, or ideological change.