When Externalities Are Present

question 104

Multiple Choice

When externalities are present,

• A) suppliers will refuse to produce desired goods and services.
• B) this indicates that property rights are well-defined and enforced.
• C) competitive market outcomes may be inconsistent with ideal economic efficiency.
• D) competitive markets will generally achieve ideal economic efficiency.

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Definitions:

Trait Theorists

Psychologists who study and theorize about personality based on the identification and classification of consistent characteristic behaviors and patterns.

Depressive Symptoms

Manifestations of depression, including persistent sadness, hopelessness, fatigue, and loss of interest in previously enjoyed activities.

Genetic Susceptibility

The predisposition of certain individuals to develop diseases or disorders based on their genetic makeup.

Personality Constructs

Theoretical frameworks used to describe and explain individual differences in behavior, emotion, and thought.