Which of the following best describes an externality?
A) something that is external to the economy
B) a sales tax on a good in addition to the market price
C) an effect of a transaction felt by someone other than the buyer or seller
D) anything produced in other countries
E) a change from what is normal
Question 2
An outward rotation of the production possibilities frontier occurs when
A) traders specialize in and exchange the products of their comparative advantage.
B) one trader steals from the other.
C) traders produce goods at exactly the same levels of opportunity cost.
D) one trader begins to produce both goods at a higher level of opportunity cost compared to the other.
Feedforward events can be conditioned to external stimuli.
Examples of animals with external gills.
An otoscope, used to visually examine the external auditory ear canal and tympanic membrane.
Internal and external hemmorrhoids.
External female genitalia.
External auditory canal