An External Cost Is

question 19

Multiple Choice

An external cost is

• A) The cost of a warehouse
• B) A cost of production in some other market
• C) The economic harm that a positive externality imposes on others
• D) The economic harm that a negative externality imposes on others

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Definitions:

Technological Innovation

The process of developing and applying new technologies or improvements to existing technologies to solve problems or enhance capabilities.

Research Efforts

Systematic investigations with the aim of establishing facts and reaching new conclusions.

Technological Determinism

The theory that technology is the principal factor driving societal changes and shaping human history.

Research Scientists

Professionals engaged in systematic investigation and study in various fields of science to acquire new knowledge and understanding.