The Term Externalities Refers to

question 49

Multiple Choice

The term externalities refers to

• A)regulations imposed on a firm by government.
• B)a nation that is a trading partner of another nation.
• C)unpaid costs of production that are incurred by society.
• D)tariffs imposed on American goods exported to other countries.
• E)None of these answers is correct.

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Definitions:

Observer Drift

A phenomenon in which there are gradual changes in the way an observer measures or perceives phenomena over time, leading to inconsistencies.

Reactivity

The change in behaviour often seen when people know they are being observed or filmed. One of the difficulties inherent in in vivo observation and analogue observational settings.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Quasi-Experiment

A research design that lacks the full control of true experimental designs but employs some method of making causal inferences from observed changes.