A ___________ occurs when the provider or seller of a good or service is paid by someone other than the buyer of the good

Question

Quizplus · Accepted Answer

A third-party payment occurs when payment for a good or service is made by someone other than the buyer. This could include third-party payers like insurance companies or government programs. A deductible is a specific amount that the insured person must pay before their insurance coverage begins. Positive externality refers to a benefit that is gained by a third party as a result of an economic transaction between two other parties. However, neither deductibles nor positive externalities encompass the definition of third-party payment as specifically stated in the question.

A ___________ Occurs When the Provider or Seller of a Good