An Externality Is Present in a Free Market Whenever

question 98

Multiple Choice

An externality is present in a free market whenever:

• A) a monopolist spends funds to keep potential competitors out of the market.
• B) an activity generates costs or benefits that are not reflected in market prices.
• C) firms hire employees from outside the firm to fill positions normally filled by promotion from within the firm.
• D) a tax is imposed on the supplier of a good.

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Definitions:

Mastery Goals

Objectives focused on developing competence or mastering a skill rather than on outperforming others.

Overlearning

The process of practicing a skill beyond the point of mere proficiency to ensure it can be performed easily and automatically.

Training Content

The material, topics, and information covered in a training program, designed to meet the learning objectives.

Meaningfulness

The quality of being significant or relevant, especially in relation to learning materials that connect to an individual's existing knowledge or experiences.