An external cost or external benefit is also known as?
singleAnswer
externality
Social cost Externality
external cost or external benefit
Externality Social cost Externalities of automobiles Economics of car use Cost Search cost Coase theorem Cost–benefit analysis Social discount rate Free-rider problem
In economics, an externality is the cost or <b>benefit</b> that affects a third party who did 
not choose to ... If <b>external costs</b> exist, such as pollution, the producer may 
choose to produce more of the product than would be produced if the producer 
were&nbsp;... <b>Social cost</b> in neoclassical economics is the sum of the <b>private costs</b> resulting 
from a transaction and the costs imposed on the consumers as a consequence of 
being exposed to the transaction for which they are not compensated or charged. 
In other words, it is the sum of personal and <b>external costs</b>. ... Quantification of 
<b>social costs</b>, for damages or <b>benefits</b> in the future resulting&nbsp;... Nevertheless, in the majority of western nations, the <b>external costs</b> of driving, are 
not covered totally either by taxes, or by any kind of car usage limitation. Traffic&nbsp;... Compared to other popular modes of passenger transportation, the car has a 
relatively high ... The <b>benefits</b> of using a car differ by many factors, in regard to 
location and culture. ... The <b>external costs</b> of automobiles, as similarly other 
economic externalities, are the measurable costs for other parties except the car 
proprietor,&nbsp;... In production, research, retail, and accounting, a cost is the value of money that 
has been used ... <b>External costs</b> (also called externalities), in contrast, are the 
costs that people other than the buyer are forced to pay as a result of the 
transaction. ... assess whether revenues/<b>benefits</b> will cover costs (see cost-
<b>benefit</b> analysis). Search <b>costs</b> are one facet of transaction <b>costs</b> or switching <b>costs</b>. ... a better 
product or service until the marginal <b>cost</b> of searching exceeds the marginal 
<b>benefit</b>. ... The <b>costs</b> of searching are divided into <b>external</b> and internal <b>costs</b> (
Smith et al. These solutions can occur because the positive <b>external benefits</b> are clearly 
identified and we assume that 1) transaction <b>costs</b> are low; 2) property rights are
&nbsp;... 29 (S2): 931–952. doi:10.1086/468100. <b>External</b> links[edit]. <b>Benefit</b>–&nbsp;... The discount rate is considered as a critical element in <b>cost</b>-<b>benefit</b> analysis 
when the <b>costs</b> and the <b>benefits</b> differ in&nbsp;... In the social sciences, the free-rider problem is a type of market failure that occurs 
when those ... Free-riding is experienced when the production of goods does not 
consider the <b>external costs</b>, particularly the use of ecosystem services. 
Economists ... In this case, they are equivalent to the private marginal <b>benefits</b> 
and costs.
spillover effects
Externality