An External Benefit Is a Benefit from a Good or Service

question 63

Multiple Choice

An external benefit is a benefit from a good or service that someone other than the ________ receives.

• A) seller of the good or service
• B) government
• C) foreign sector
• D) consumer
• E) market maker

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Definitions:

Equal Alternatives

A situation or choice where the options available have the same value or likelihood.

Frequency

A statistic specifying the number or proportion of items in a class that have a given property.

American President

The elected head of state and government of the United States of America, serving as the executive branch leader under the U.S. Constitution.

Asian Descent

Denotes individuals whose ancestry can be traced back to Asia.