The Term Externalities Refers to

question 88

Multiple Choice

The term externalities refers to

• A)Black-market economic activity.
• B)The impact on markets of imported goods.
• C)The costs or benefits of a market activity borne by a third party.
• D)The inequitable distribution of income.

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Definitions:

Individualism/Collectivism

A cultural dimension that describes the degree to which people in a society are integrated into groups or are seen as independent and self-reliant.

Masculinity/Femininity

Dimensions of gender identity reflecting cultural norms and values associated with behaviors, roles, and activities traditionally considered masculine or feminine.

Culture

The shared values, norms, behaviors, and artifacts of a group of people that distinguish them from other groups.

Software

Programs and operating information used by computers to perform tasks or solve problems.