A cost or benefit of the production process that is not fully included in the price of the final market transaction when the product is sold is known as ______.
A. a public good
B. an externality
C. a monopoly
D. none of the above
B. an externality
You might also like to view...
Jim Crow laws were passed by states in the 1960s to counteract racial segregation that had been occurring prior to that time
Indicate whether this statement is true or false.
State and local governments need to get the attention of the President for their needs to be met. One of the most common and effective ways to do this is
a. for the governor or mayor to hold regular press conferences giving opinions on the President's policies. b. for governors and mayors to maintain friendly ties with the President. c. for the state legislature to pass resolutions praising the president every time the President gives a speech. d. for the governor or mayor to appear regularly on cable news shows.