Externality An economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume. When the production or consumption of a good or service has an effect upon a third party. Failure of the market to achieve a social optimum where MSB = MSC
The answer is a)produce or consume
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Answer: Money is used for the trade of needs and even services to on another. It’s a exchange system. Money can be used to get services like a haircut or it can be used to buy needs like food from a grocery store.
Yes that is correct! The Army is does the Navy does the Air Force does the coast Guard does and the National guard does
