_______________________: costs incurred by 3rd parties to a transaction.

Fill in the blank(s) with the appropriate word(s).

Ans: Negative externalities

Economics

You might also like to view...

In the above figure, a minimum wage of ________ would result in employment of ________

A) W2; L1 B) W2; L2 C) W1; L1 D) W1; L2

Economics

When demand is elastic, a fall in price causes total revenue to rise because

A) the percentage increase in quantity demanded is less than the percentage fall in price. B) the demand curve shifts. C) when price falls, quantity sold increases so total revenue automatically rises. D) the increase in quantity sold is large enough to offset the lower price.

Economics