The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalized) is referred to as ......... Option 1: Free moment of goods Option 2: Externalities. Option 3: Public Goods. Option 4: Environmental freedom.

The answer is 'Externalities.'. View full solution:

CUET Economics - The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalized) is referred to as ......... | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Macro

Easy

Free moment of goods

Externalities.

Public Goods.

Environmental freedom.

✅ Correct Option: 2