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.

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Definitions:

Serum Electrolytes

Minerals found in the blood and other body fluids that are essential for hydration, blood pH, muscle action, and other body processes.

Intravenous

Pertaining to within a vein, often used in the context of delivering medication or fluids directly into the bloodstream.

Blood Transfusion

The process of transferring blood or blood products from one person into the circulatory system of another.

Antihistamine

A type of medication used to relieve symptoms of allergies, such as sneezing, itching, and runny nose, by blocking histamine action in the body.