Question 9/Multiple Choice Worth 4 points) (02.07 LC) Which of the following describes a negative externality? Unintended benefits to people not involved in a choice Unintended costs to people not involved in a choice Benefits experienced by the people who make a choice Costs experienced by the people who make a choice Question 10(Multiple Choice Worth 4 points) (02.01 LC) In a circular-flow diagram, which economic player sells goods and services to earn revenue? Business firms Foreign nations Government Households Question 11(Multiple Choice Worth 4 points)

Question 9: The correct answer is "Unintended costs to people not involved in a choice." A negative externality refers to a cost that affects a party who did not choose to incur that cost. It is an unintended cost imposed on third parties as a result of an economic transaction.<br /><br />Question 10: The correct answer is "Business firms." In a circular-flow diagram, business firms are the economic players that produce goods and services and sell them to earn revenue. Households, on the other hand, provide factors of production (such as labor) to the business firms and receive income in return.<br /><br />Question 11: The correct answer is "Business firms." In a circular-flow diagram, business firms are the economic players that produce goods and services and sell them to earn revenue. Households, on the other hand, provide factors of production (such as labor) to the business firms and receive income in return.