Which of the Following Is an Example of an External

question 19

Multiple Choice

Which of the following is an example of an external benefit?

• A) a ton of coal burned in a power plant to produce electricity
• B) a car accident that crowds a major Los Angeles freeway
• C) the production of a slice of pizza
• D) the cleanup of a large lake
• E) the consumption of a can of Mountain Dew

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Definitions:

Bargain Hard

The process of negotiating with determination and strategic prowess to achieve favorable terms or prices in a deal or transaction.

Accommodate

To make a suitable adjustment or provide space and facilities for something or someone.

Sequential Labor Negotiation Game

A strategic model in economics where labor negotiations occur in a series, with outcomes affecting subsequent negotiations.

First Mover

A company that gains a competitive advantage by being the first to market with a new product or service.