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When a Negative Externality Exists,as in the Case of Pollution,the

question 146

Essay

When a negative externality exists,as in the case of pollution,the government may be able to restore the social optimum using three different solutions.Name them.


Definitions:

Unconcerned

Not worried, interested, or engaged; indifferent.

Evolutionary Perspective

A theoretical approach that explains human behavior and mental processes through the lens of adaptation and natural selection.

Prosocial Behaviour

Refers to voluntary actions intended to help or benefit another individual or group of individuals without expecting reward.

Freudian

Pertaining to or influenced by the theories of Sigmund Freud, especially those related to the unconscious mind, psychosexual stages, and defense mechanisms.

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