An economic activity in which benefits or costs affect third parties is called
A) a public good.
B) a third-party good.
C) the exclusion principle.
D) an externality.
Question 2
The rationing function of prices refers to
A) the situation when government must intervene in a market when there is a large shortage or surplus.
B) the synchronization of decisions by buyers and sellers that leads to an equilibrium.
C) the synchronization of decisions by buyers and sellers through the direction of government agencies.
D) the situation when only the rich get the goods they want.
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Indicators of Relative Economic Well-Being
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Most Canadian seniors rated their health as good to excellent.
A Gaucher cell showing accumulated fat stored in structures called lysosomes
economic question