What Is an Externality

question 146

Multiple Choice

What is an externality?

• A) the impact of one person's actions on the well-being of a bystander
• B) the impact of a person's actions on that person's well-being
• C) the impact of society's decisions on the well-being of another society
• D) the impact of society's decisions on the well-being of one person in the society

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Definitions:

Environmental Mastery

The ability of an individual to effectively manage and alter their environment to suit their needs.

Purpose in Life

The sense of meaning, direction, and intentionality in an individual's existence.

Psychological Well-Being

A state, comprising aspects such as self-acceptance, personal growth, purpose in life, positive relations with others, environmental mastery, and autonomy, reflecting an individual's psychological functioning and satisfaction with life.

Sense of Self

An individual's perception, consciousness, and recognition of their identity and personality traits.