An Externality Is Said to Exist When

question 33

Multiple Choice

An externality is said to exist when:

• A)individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account.
• B)individuals impose costs or benefits on others,and the market provides incentives to take these costs and benefits into account.
• C)individual actions are affected by external forces like the loss of U.S.jobs because of competition from abroad.
• D)individual actions are affected by government policies (such as taxes)that are externally imposed on the market.

---

Definitions:

Pressure Ulcer

Localized injury to the skin and/or underlying tissue, usually over a bony prominence, as a result of pressure or pressure in combination with shear and/or friction.

Paraplegic

Paraplegic refers to a person who has lost the ability to move or feel both legs and sometimes parts of the lower body, often due to spinal cord injury or disease.

Axillary Crutch

A type of mobility aid that helps support the body's weight while walking, fitting under the armpit and held by the hand.

Platform Crutch

A type of crutch that has a platform for the forearm to rest upon, providing support and stability for individuals who cannot use traditional underarm crutches.