Deshawn Believes That Development Is the Result of an Ongoing

question 142

Short Answer

Deshawn believes that development is the result of an ongoing, bidirectional interchange between heredity and environment. He has most likely adopted which theoretical perspective?

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Definitions:

Market Failure

Situations where the allocation of goods and services by a free market is not efficient, often requiring government intervention.

Negative Externality

Occurs when the production or consumption of a good or service imposes costs on third parties who are not involved in the transaction.

Marginal Cost

The financial impact of producing one more unit of a product or service.

Marginal Social Cost

The additional cost incurred by society as a whole due to the production of one more unit of a good or service.