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Studentka2010 [4]
3 years ago
10

An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays

nor receives any compensation for that effect. If the impact on the third party is beneficial, it is called a ________ externality.
a. Positive
b. Negative
c. Both a & b.
Business
1 answer:
Lynna [10]3 years ago
5 0

Answer:

The correct answer is letter "A": Positive.

Explanation:

Externalities are defined as situations in which a third party is affected by the actions of an individuals or organization without the third party to be involved in the individual's or organization's operations. Though, not all the externalities are negative.  

A positive externality is one in which the third party benefits from other parties' actions. For instance, college students by studying benefit the whole society where they live by increasing the education level in that region.

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Zhang Industries sells a product for $700 per unit. Unit sales for May were 700 and each month's unit sales are expected to grow
ratelena [41]

Answer: $14594

Explanation:

The budgeted selling expense for the manager for the month ended June 30 will be calculated thus:

The unit sales for June will be:

= [700 × (1 + 3%)]

= 700 × (1 + 0.03)

= 700 × 1.03

= 721 units

Commission will be:

= 2% × (721 × 700)

= $10,094

Therefore, the selling expenses to be reported will be:

= $10,094 + $4500

= $14594

4 0
3 years ago
Difference between money paid to and money received from other nations in trade is called balance of trade.
frutty [35]

<u>Answer:</u>

Difference between money paid to and money received from other nations in trade is called balance of trade is a <u>TRUE</u> statement.

<u>Explanation:</u>

The difference between the export and the import done by the country is usually termed as the balance of trade. Even though the sum of payments and receipts is necessarily equal, in different types of transactions there will be disparities — excesses of transactions and receipts, named deficits and surpluses.

Trade balance does not include any goods (not even product import and export). For example, China, a nation where many of the globe's consumer goods are manufactured and exported, has registered a trade surplus since 1995. Because of its dependence on oil imports and consumer goods, the United States has shown a trade deficit since 1976.

6 0
3 years ago
Read 2 more answers
While overall labor union membership has been declining over the last few decades, which type of workers has the highest percent
Mariana [72]

The workers that have the highest percentage of union memberships are those in

  • education
  • training
  • library occupations

<h3>What is a  labor union?</h3>

This is a term that is used to refer to the labor unions that are formed in order to represent the workers that are in a country.

The unions are known to represent workers in terms of benefits, wages and labor hours.

Raed more on labor unions here: brainly.com/question/881501

5 0
2 years ago
What does it mean to say that a "business" has responsibility?
Fynjy0 [20]

Answer:

They can operate a business however they choose, but it must be fair and right to society.

Explanation:They must keep their hours everyday, fair prices, etc

3 0
3 years ago
"parents with children list a gps system (28%) and a dvd player (28%) as "must have" accessories for a road trip.12 suppose a sa
Helga [31]
<span>If 28 percent of parents state GPS and another 28 percent of parents state DVD player as most important, that would mean 56 percent of parents deem one or the other as the most important piece of equipment for a roadtrip. 56 percent of 1000 equals 560 out of 1000 parents chose a GPS or DVD player.</span>
8 0
3 years ago
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