When the Benefits of Producing a Good or Service Spill

question 157

Multiple Choice

When the benefits of producing a good or service spill over to other people,rather than just the buyer,the spillover is referred to as

• A) an external benefit.
• B) an external cost.
• C) a marginal cost.
• D) an equilibrium social output.
• E) a Coasian good.

---

Definitions:

General Franco

A Spanish military leader who ruled as a dictator over Spain from 1939 until his death in 1975, after winning the Spanish Civil War.

Fascism

A far-right, authoritarian ultranationalism characterized by dictatorial power, forcible suppression of opposition, and strong regimentation of society and the economy.

Manchuria

A historical region in Northeast Asia, rich in resources and strategically important, often contested and occupied by various powers such as China, Russia, and Japan throughout history.

Diplomatic Isolation

A foreign policy strategy where a country or government is purposely excluded from international diplomacy and activities.