An External Benefit Is A(n)

question 44

Multiple Choice

An external benefit is a(n) :

• A)example of a negative externality.
• B)benefit that accrues to domestic firms due to the actions of foreign (external) firms.
• C)benefit that accrues to foreign (external) firms due to the actions of domestic firms.
• D)benefit that individuals or firms confer on others without receiving compensation.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.