Externalities get their name from the fact that they are:
A) b and d.
B) unintended.
C) short lived.
D) outside of decisions.
E) outside of marketplace.

Question

Quizplus · Accepted Answer

Externalities are outside of decisions in the sense that they are costs or benefits that affect individuals or groups who were not directly involved in the original economic decision. For example, pollution from a factory affects people who live nearby but may not have been involved in the decision to build the factory.

Externalities Get Their Name from the Fact That They Are