Which of the Following Would Be Classified as an External

question 190

Multiple Choice

Which of the following would be classified as an external cost?

• A) As more firms began hiring computer programmers, the salaries of computer programmers increased, and therefore the firm's cost of production increased.
• B) A private firm will not provide national defense, as it is impossible to confine the benefits to only those individuals who have paid for it.
• C) You are not able to study at night because there is so much noise coming from the dorm room next to yours.
• D) When you purchase a prescription drug, you are not made fully aware of all the possible side effects that may result from taking the drug.

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Definitions:

Hidden Object Test

A research technique invented by Piaget to assess object permanence in infants from 6 months old. An interesting object, like a small toy, is placed in front of a baby within her reach. As the baby watches, the experimenter covers the object so that it is out of sight. If the baby searches for the object under the cloth she demonstrates that she has a sense of the continued existence of absent objects.

Object Permanence

The fact that objects have a separate existence from the perceiver; that is, they continue to exist even when no one perceives them.

Preoperational Thought

Refers to a stage in Jean Piaget's theory of cognitive development where children from 2 to 7 years old are able to engage in symbolic play but have not yet understood the concept of logical operations.

Language Learning

The process by which individuals acquire the ability to perceive, comprehend, and produce verbal and non-verbal forms of communication.