The benefit enjoyed by a third party that is not directly involved in the production or consumption of a good or service is called externality.
What does the term externality mean?
Externalities are situations when the production or consumption of products and services has an impact on other people that results in costs or advantages that are not accounted for in the pricing charged for the goods and services being offered.
What impact do externalities have on the economy?
When people, households, and businesses fail to internalise the indirect costs or advantages of their economic interactions, externalities pose serious issues for economic policy. Inefficient market outcomes are the result of the resulting wedges between social and private costs or profits.
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i feel either c or d but d is probably wrong because they would have asked you that at the interview and c could be right because they need your social security for taxes so C
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<span>Georgia company (a u.s. firm) wants to export to the country of Zumosa and conducts a country risk analysis. all country risk characteristics of Zumosa except a blockage of funds that are remitted by subsidiaries established in Zumosa should be examined for this purpose.</span>
when giving attitude-improving feedback to an employee, one should should deal with descriptions rather than judgements. This allows the person to have a detailed account of his/her attitude.
Judgements will raise critics and bias which will not help improve the attitudes of employees but rather cause stress and also affect their self esteem thereby affecting the work performance and decline in delivery.
On the other hand being descriptive is more optimistic and the employees can easily acknowledge their attitudes and take in account.
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