The term externalities refers to
A. The costs or benefits of a market activity borne by a third party.
B. The inequitable distribution of income.
C. Black-market economic activity.
D. The impact on markets of imported goods.
Answer: A
Economics
You might also like to view...
If the United States imposes a tariff on imported steel, the tariff will
A) raise the U.S. price of imported steel. B) decrease the U.S. production of steel. C) increase the total U.S. consumption of steel. D) decrease employment in the U.S. steel industry.
Economics
With respect to prices, at the macroeconomic level attention is focused on relative prices, while at the microeconomic level attention is focused on absolute prices
Indicate whether the statement is true or false
Economics