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question 34

Multiple Choice

Choose the correct answer from the list below. Not all of the answers will be used.
-H2A, H2B, H3, and H4 are all major classes of _______________.


Definitions:

Involuntary Transactions

Economic exchanges where at least one party participates without willing consent, often resulting from coercion or lack of viable alternatives.

Economic Efficiency

A situation where all resources are allocated in a way that maximizes the net benefit to society.

Positive Externalities

Benefits experienced by third parties or the society at large as a result of an economic activity, without them directly paying for it.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

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