Externalities Are Costs That Don't Show Up as Part of the Market

question 52

True/False

Externalities are costs that don't show up as part of the market price for a product.

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Definitions:

Puberty

The developmental phase in which a child's body transitions into an adult body capable of sexual reproduction.

Secondary Sex Characteristics

Physical traits that emerge at puberty unrelated to the reproductive organs, such as breast development in females and facial hair in males.

Reproductive Organs

Organs involved in the reproductive process, including the ovaries and testes, as well as associated structures in both males and females.

Uterus

A female reproductive organ in which a fertilized egg implants and grows during pregnancy.