Which of the Following Is an Example of an External

question 67

Multiple Choice

Which of the following is an example of an external cost?

• A)a federal tax that is placed on a product sold by a business
• B)a fee a company pays to have its product shipped internationally
• C)health costs stemming from the hazardous wastes produced during the making of a product
• D)the extra money a business pays to make its products or services sustainable
• E)labor

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Definitions:

Blocking

A technique used in experimental design to reduce sources of variability within a test by grouping experimental units that are similar in ways that are expected to affect the response to the treatments.

Extraneous Factors

These are variables that affect the relationship between the independent and dependent variables but are not the variables of interest in the study.

Two-way ANOVA

Two-way ANOVA is a statistical test that analyzes the effect of two independent categorical variables on a dependent variable, allowing for the assessment of interactions between factors.

Treatments

In experimental design, refers to the different conditions applied to groups of subjects to observe their effects on some outcome.