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Author Question: Externalities are the unintended negative (or in some cases positive) consequences that an economic ... (Read 68 times)

Zulu123

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on: Jun 19, 2018

Externalities are the unintended negative (or in some cases positive) consequences that an economic transaction
  between two parties can have on some third party.


 
 

a. True
  b. False



Question 2

According to Keith Davis, in addition to considering potential profitability, a business must weigh the long-range
  social costs of its activities as well. Only if the overall benefit to society is positive should business act.


 
 

a. True
  b. False



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millet

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Reply #1 on: Jun 19, 2018
Answer to Question 1

True

Answer to Question 2

True


Zulu123

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  • Posts: 525
Reply 2 on: Jun 19, 2018
Excellent

meganmoser117

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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