Unpriced By-Products of Production or Consumption That Provide Benefits to Other

question 62

Multiple Choice

Unpriced by-products of production or consumption that provide benefits to other consumers or other firms are known as

• A)negative externalities
• B)common pool benefits
• C)positive externalities
• D)private benefits
• E)Coase by-products

---

Definitions:

Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal statutory law.

Justices

Justices refer to judges of the highest court in a country, such as the Supreme Court in the United States, responsible for interpreting the law and constitution in legal cases.

Democratic Presidents

Presidents of the United States who are members of the Democratic Party, one of the two major contemporary political parties in the country.

Nine Justices

The number of judges who sit on the bench of the Supreme Court of the United States, making decisions on cases of national importance.