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

Related questions:

CUET Economics 2023 Slot 2

Which of the following are correct statements related to stock and flow?

A. Flows are defined over on 1st January

B. Flows are defined over a period of time

C. Flows and stocks are defined as a mutual understanding

D. Stocks are defined from January to December

E. Stocks are defined at a particular point of time

Choose the correct answer from the options given below:

30 May Shift 2

From the following find the statements related to GDP and the welfare of the economy

(A) The domestic services that women perform at home are considered in the calculation of GDP.

(B) Harmful effects caused due to carbon emissions from factory production are not counted as GDP.

(D) Higher levels of GDP always ensure higher welfare.

Choose the correct answer from the options given below:

29 May Shift 2

It may be incorrect to treat GDP as an index of the welfare of the country for the following reasons.

(A) Externalities.

(B) Distribution of GDP is not uniform.

(D) Non-monetary exchanges.

Choose the correct answer from the options given below: