Asked by VALERIA BARDALES on Jul 17, 2024
Verified
Externalities always involve the imposition of costs on parties outside an activity or transaction.
Externalities
Externalities are indirect effects of economic activities on third parties, which can be either positive or negative.
- Acquire knowledge about the idea of externalities and how they affect the well-being of society.
Verified Answer
NI
Nikkie ImperialJul 23, 2024
Final Answer :
False
Explanation :
Externalities can be positive or negative, meaning they can either impose costs or provide benefits to parties not directly involved in the activity or transaction.
Learning Objectives
- Acquire knowledge about the idea of externalities and how they affect the well-being of society.