A Cost That Arises from Production or Consumption That Falls

question 64

Multiple Choice

A cost that arises from production or consumption that falls on someone other than the producer or consumer is called

• A) a negative externality.
• B) a private good.
• C) a negative benefit.
• D) a public choice impact.
• E) a positive externality.

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Definitions:

ABC Model

The ABC model is a framework in psychology that describes the relationships between antecedents, behaviors, and consequences, often used in cognitive-behavioral therapy.

Attitude Object

Any entity that is capable of being evaluated or judged, and towards which an attitude is held, ranging from physical objects and people to ideas and policies.

Behaviour

Actions or reactions of an individual or group in response to external or internal stimuli.

Instrumental Conditioning

A learning process in which the consequences of a behavior influence the likelihood of its recurrence, emphasizing rewards and punishments.