Examlex
The importance of managerial skills is exemplified by which of the following statements?
Externality
A consequence of an economic activity experienced by unrelated third parties; it can be either positive (beneficial) or negative (harmful).
Education's Benefit
Refers to the positive impacts of education on an individual's abilities, earning potential, and societal contributions.
Externality
A cost or benefit arising from an economic activity that affects third parties who did not choose to incur that cost or benefit.
National Defense
The government activities, plans, and policies aimed at protecting a country's territory and citizens from external threats and maintaining overall security.
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