A) Envlronomics
B) Fiscal Economics
C) International Economics
D) Macro Economics
Correct Answer: A
Solution :
In economics, an externality is a cost or benefit which results from an activity or transaction and which affects an otherwise uninvolved party who did not choose to incur that cost or benefit. Environmental pollution is a classic case of an externality. Externality theory forms the basic theory of environmental economics.
You need to login to perform this action.
You will be redirected in
3 sec
