Externalities are unintended costs or benefits imposed on third parties. Who creates these externalities?

a. the government
b. the market
c. the third parties themselves
d. buyers create the costs, sellers create the benefits
e. the economic activity of others that affects third parties

E

Economics

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Rates of inflation in the hundreds or thousands of percent per year are known as

A) super inflation. B) megainflation. C) hyperinflation. D) overinflation.

Economics

Refer to Scenario 17.1. If the threshold educational level y* is set at 10,

A) only individuals in Group A will attain it. B) only individuals in Group B will attain it. C) individuals in both groups will attain it. D) no individuals will attain it. E) some fraction of individuals in each group will attain it.

Economics