Internalizing an Externality

question 36

Multiple Choice

Internalizing an externality:

• A)is solely in the purview of governments.
• B)entails a solution that provides incentives to private actors to act efficiently.
• C)means exacerbating the external effect.
• D)does not involve minimizing the impact of free riders.

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Definitions:

Company-Wide Training

Educational programs designed to improve the skills and knowledge of all employees within an organization, often focusing on new tools, technologies, or methodologies.

Management Function

The activities carried out by managers in an organization to achieve its objectives, including planning, organizing, leading, and controlling.

Human Skill

The ability to work well with others, to communicate effectively, to inspire team members, and to understand and manage personal emotions in a professional context.

Cooperation

The action or process of working together to the same end, often referring to individuals or groups collectively achieving a goal.