A Positional Externality

question 29

Multiple Choice

A positional externality

• A) can only occur in sports.
• B) arises in situations where absolute performance is judged.
• C) results in under-investment in performance enhancement.
• D) occurs when an increase is one player's performance reduces the expected reward of the other players.
• E) is when the queue one is in moves slowly.

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Definitions:

Sympathetic Innervation

Part of the autonomic nervous system that generally stimulates the body's fight-or-flight response, increasing heart rate and blood flow, among other functions.

Adrenal Medulla

The inner part of the adrenal gland that secretes adrenaline and noradrenaline, involved in the body's response to stress.

Splanchnic

Pertaining to the viscera or internal organs, especially those of the abdominal cavity.

Autonomic Nervous System Function

Controls involuntary body functions, such as heartbeat, digestion, and breathing.