Asked by
Jasmyn Regas
on Nov 05, 2024Verified
National defense is an example of an externality.
Externality
A cost or benefit arising from an economic activity that affects third parties who did not choose to incur that cost or benefit.
National Defense
The government activities, plans, and policies aimed at protecting a country's territory and citizens from external threats and maintaining overall security.
- Determine illustrations of adverse externalities and public assets.
Verified Answer
BK
Learning Objectives
- Determine illustrations of adverse externalities and public assets.