The Process of Providing Incentives So That Externalities Are Taken

question 160

Multiple Choice

The process of providing incentives so that externalities are taken into account internally by firms or by consumers is called

• A)socializing the externalities.
• B)contingent-valuing the externalities.
• C)privatizing the externalities.
• D)internalizing the externalities.
• E)externalizing the externalities.

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Definitions:

D-Day Landings

The Allied invasion of Normandy, France, on June 6, 1944, which was a pivotal moment in World War II leading to the liberation of Western Europe from Nazi control.

Normandy

A region in northwestern France, known for its historical significance, including the D-Day landings during World War II.

Vichy Government

The Vichy Government refers to the regime led by Marshal Philippe Pétain during World War II, which collaborated with Nazi Germany following France's defeat in 1940.

Collaborate

To work jointly with others on a project or activity, often producing something or achieving a common goal.