A situation in where the costs of an action are not fully borne by the two parties engaged in exchange is

A) an externality.
B) an internality.
C) internal costs.
D) a transactions cost.

A

Economics

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If a household's money income changes and prices do not change, what happens to the household's real income and budget line?

What will be an ideal response?

Economics

"A lower price level may lower the interest rate, but investment demand may not respond to this." This is a statement a __________ economist might make as an explanation of why the economy __________ pull out of a recession

A) Classical; will B) Classical; may not be able to C) Keynesian; will D) Keynesian; may not be able to

Economics