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If a Person Who Generates a Negative Externality Incorporates into His

question 48

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If a person who generates a negative externality incorporates into his or her private cost-benefit calculations the effects that this externality will have on third parties, the externality has been


Definitions:

Population

In research or demographics, it refers to the total group of individuals or items that is the subject of statistical analysis.

Subcultures

Subgroups within the larger, or national, culture with unique values, ideas, and attitudes.

National Culture

The set of shared values, beliefs, practices, and norms that characterizes the population of a nation.

Unique Values

Distinctive qualities or principles held by an individual, organization, or product that set them apart from others.

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