A Positive Externality

question 235

Multiple Choice

A positive externality

• A)is a benefit to the producer of the good.
• B)is a benefit to the consumer of the good.
• C)is a benefit to someone other than the producer and consumer of the good.
• D)results in an optimal level of output.

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Definitions:

Introduction to Psychology

A foundational course or concept that covers the study of mind and behavior, including the biological bases of behavior, cognitive processes, and emotional responses.

Bribing

The act of offering something, often money, to gain favour or influence the actions of someone in a position of power or authority.

Instrinsically Rewarding

An activity or object that is pursued for its own sake, providing innate satisfaction without the need for external reward.

Flow

The state of being in which a person becomes fully involved and engaged in the present time by some interesting, challenging, and intrinsically rewarding activity.