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A Negative Externality Occurs When Marginal Social Costs Exceed Marginal

question 67

True/False

A negative externality occurs when marginal social costs exceed marginal private costs.


Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.

Punished

The act of imposing a consequence or penalty on someone for a perceived wrongdoing or undesirable behavior.

Responses

Reactions or replies to stimuli, questions, or actions, which can vary from verbal to non-verbal and emotional to physical.

B.F. Skinner

An American psychologist and behaviorist known for his work in developing the theory of operant conditioning, emphasizing the role of reinforcement in shaping behavior.

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