Question

question 2 (multiple choice worth 4 points)
(lc)
all choices can have unintended consequences. when those outcomes affect someone who had no part in the initial choice, what is it called?
free market
free resource
eminent domain
externality

Explanation:

• A free market is an economic system with little government intervention.
• A free resource is a resource available without cost.
• Eminent domain is the power of the government to take private property for public use.
• Externality refers to the impact of a decision on a third - party (someone not involved in the initial choice).

Answer:

D. Externality