An Externality Is

question 319

Multiple Choice

An externality is

• A) a third-party benefit or cost that is associated with the production of a good.
• B) when external forces such as war or flood affect the market.
• C) government intervention in the markets.
• D) transaction costs.

---

Definitions:

Muscular Strength

The maximum amount of force a muscle or group of muscles can exert against resistance in a single effort.

Height Increase

The process of longitudinal bone growth, which contributes to overall physical stature, typically occurring during childhood and puberty.

Pubic Hair Growth

Refers to the development of body hair in the pubic region, typically occurring during puberty as a secondary sexual characteristic.

Breast Development

A process of physical maturation in females and males, but primarily noted in females, involving the growth and changes in the breasts typically observed during puberty.