Examlex
Which statement regarding sinks and sources is false?
Transaction Costs
Expenses incurred during the process of buying or selling goods and services that are not directly related to their price.
Negative Externality
A cost that is suffered by a third party as a result of an economic transaction.
Externalities
Occurs when the consumption or production of a good affects someone who does not directly consume or produce that good, which can be either positive or negative.
Costs
Expenses incurred in the production of goods or in the provision of services, including labor, materials, and overheads.
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