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Question 8(Multiple Choice Worth 4 Points) 02.07 LC) Nhich of the Following Is Another Name for a Negative Externality? Appreciation

Soru

Question 8(Multiple Choice Worth 4 points) 02.07 LC) Nhich of the following is another name for a negative externality? Appreciation Depreciation Third-party cost Third-party benefit

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4.4 (139 Oylar)
Janset
Uzman doğrulaması
Uzman · 3 yıl öğretmeni

Cevap

'C'

Daha Fazla

## Step 1A negative externality is a cost that affects a party who did not choose to incur that cost. This is a type of market failure where the cost of an activity is not fully borne by those who engage in it.## Step 2The term "Third-party cost" is another name for a negative externality. This term refers to the cost that is suffered by a third party as a result of an economic transaction.## Step 3The other options, "Appreciation", "Depreciation", and "Third-party benefit", do not refer to a negative externality. "Appreciation" and "Depreciation" are terms related to the increase or decrease in the value of an asset over time, respectively. "Third-party benefit" is the opposite of a negative externality, as it refers to a benefit that is enjoyed by a third party as a result of an economic transaction.