An External Cost Is a Cost Paid By

question 33

Multiple Choice

An external cost is a cost paid by:

• A) the consumers trading in the market.
• B) the producers trading in the market.
• C) the government regulating the market.
• D) people other than the consumer and the producer trading in the market.

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Definitions:

Unsecured Open-End Credit

A line of credit that does not require collateral and can be used repeatedly up to a certain limit.

Annual Percentage Rate

The annual rate charged for borrowing or earned through an investment, expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income from an investment.

Newspaper Advertisement

A public announcement or promotion of products, services, or events published in a newspaper.

Savings And Loan Association

A financial institution that specializes in accepting savings deposits and making mortgage and other loans.