McqMate
| Q. |
Externality theory is the basic theory of the following branch of Economics: |
| A. | Environomics |
| B. | Fiscal Economics |
| C. | International Economics |
| D. | Macro Economics |
| Answer» A. Environomics | |
|
Explanation: 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. |
|
View all MCQs in
Economics (GK)No comments yet