menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 15: Public Goods, Externalities, and Government Behavior
  5. Question
    An Externality Is the Effect That Occurs When the Production
Solved

An Externality Is the Effect That Occurs When the Production

Question 184

Question 184

True/False

An externality is the effect that occurs when the production or consumption of a good directly affects a third party.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q179: Exhibit 15-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 15-3

Q180: If a good's production process results in

Q181: When a positive externality exists, the equilibrium

Q182: Explain why, in the case of negative

Q183: Private markets do not provide national defense

Q185: Rights to the use of, sale of,

Q186: Historically, an overgrazing problem was solved by

Q187: One role of government is to define

Q188: If output is produced at the level

Q189: The government provides national defense because free

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines