Economists use the term externalities to refer to
A) consequences people ignore in their decision making.
B) any cost associated with an action.
C) foreign imports or exports.
D) the behavior in which people actually engage as distinct from their alleged reasons for acting as they do.
E) the outside directors of a corporation as distinct from corporate directors who are also managers.
A
Economics
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Relative to the demand curve for low-skilled workers, the demand curve for high-skilled workers lies
A) to the right. B) to the left. C) below. D) in the same place.
Economics
Which of the following is NOT subject to a network effect?
A) the layout of the keys on your keyboard B) rotating your tires every six months C) using a fax machine D) purchasing a new high-definition DVD player
Economics