What do we refer to the benefits (or harms) a firm or an individual cause to another for which they are not paid (or penalised)? Option 1: Externality Option 2: Exempbility Option 3: Extractability Option 4: Exterbility

The answer is 'Externality'. View full solution:

CUET Economics - What do we refer to the benefits (or harms) a firm or an individual cause to another for which they are not paid (or penalised)? | PYQs + Solutions

CUET Economics 2026 21st May Shift 1

Macro

Easy

Externality

Exempbility

Extractability

Exterbility

✅ Correct Option: 1