_____________ Explanations Illuminate a Concept's Meaning and Use by Providing

question 3

Short Answer

_____________ explanations illuminate a concept's meaning and use by providing a list of a concept's critical features, contrasting examples of the concept, and then offering an audience an opportunity to distinguish between contrasting examples by comparing them to the concept's critical features.

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Definitions:

Internalized

The process of incorporating external costs or benefits into one's own decision-making criteria.

Externality

A consequence of an economic activity experienced by unrelated third parties, which can be either positive (benefits) or negative (costs).

Gasoline

A highly flammable liquid derived from petroleum, used mainly as fuel in internal combustion engines.

Social Value

The importance or worth that a product, service, or action has to society, including both economic and non-economic factors.