When Consumption of a Good or Service Produces Benefits or Costs

question 15

Multiple Choice

When consumption of a good or service produces benefits or costs that are not reflected in the market price for the good, this is known as a(n)

• A)externality
• B)common pool problem
• C)nonexcludable resource
• D)public good
• E)renewable resource

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Definitions:

Organizational Change Interventions

Planned activities or programs aimed at improving an organization's effectiveness through changes in processes, culture, or infrastructure.

Ethical Issues

Challenges or situations that require a choice between options that must be evaluated as right or wrong, ethical or unethical.

Cultural Setting

The collection of beliefs, practices, norms, and values shared by a group of people that influences their behaviors and interactions.

Future Search Conferences

Participatory planning meetings that bring diverse groups of people together to envision and plan for a shared future.