4000 Time Left03955Sally ElYamany Attempt 1 Note It is recom

40:00 Time Left:0:39:55Sally ElYamany: Attempt 1 Note: It is recommended that you save your response as you complete each question. tions ons saved Question 1 (0.5 points) Events in which one person\'s production or consumption activity directly affect another person\'s production or consumption are 3 1) transactions 2) production processes 3) externalities 4) substitutes 6

Solution

The correct choice is 3) Externalities

Explanation:-  A consumption externality arises when a person\'s enjoyment of some good or service isaffected by another person\'s production or consumption behaviour and that effect is not priced.