If an Externality Is Present in a Market, Economic Efficiency

question 6

Multiple Choice

If an externality is present in a market, economic efficiency may be enhanced by

• A)government intervention.
• B)a decrease in foreign competition.
• C)fewer market participants.
• D)weaker property rights.

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Definitions:

Physical Fitness

A state of health and well-being achieved through regular physical activity, involving various attributes such as endurance, strength, and flexibility.

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.

Weight Loss

The reduction of total body mass due to a loss of fluid, body fat, or lean mass.

Safely Exercising

Engaging in physical activity in a manner that minimizes the risk of injury and maximizes the potential health benefits.