An Externality Is Internalized If

question 32

Multiple Choice

An externality is internalized if

• A)the person(s) or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.
• B)people are made aware of it and realize that social benefits are less than private benefits (in the case of a positive externality) and that social costs are less than private costs (in the case of a negative externality).
• C)the person(s) or group that generated the externality do not incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.
• D)b and c
• E)none of the above

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Definitions:

South-eastern Nigeria

A geographic and cultural region of Nigeria known for its diverse ethnicities, languages, and rich history, including the Igbo people as a significant ethnic group.

Dominant Culture

The cultural practices, values, and norms that are most influential within a particular society or social group.

Assimilates

Assimilates refers to the process of taking in information, ideas, or culture and fully understanding and incorporating them into one's way of thinking or being.

Genogram

A graphical representation of a person's family relationships and medical history over multiple generations, often used in medicine and psychiatry.