An Externality Is Said to Be Internalized

question 76

Multiple Choice

An externality is said to be internalized:

• A)when individuals take external costs and benefits into account in their decision making.
• B)when the Coase theorem is irrelevant or cannot be applied.
• C)when individuals successfully petition the government to ban or restrict activities that generate negative externalities.
• D)when individuals learn to adapt to negative externalities through introspection or internal acceptance of what are viewed as unchangeable facts of life.

Differentiate perspectives on the relationship between conscious and unconscious processes.

Explain the stages of sleep and their characteristics.

Understand the complexities and limitations surrounding a biological definition of race.

Comprehend the physiological and health implications of favism, as related to genetic differences.

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Definitions:

Bureaucratic Structures

Organizational forms that are characterized by a hierarchical arrangement of jobs, reliance on formal rules and regulations, and a clear distinction of labor.

Environmental Uncertainty

A lack of information regarding what exists in the environment and what developments may occur.

Strategic Alliance

A partnership between two or more companies to pursue a set of agreed upon objectives while remaining independent organizations.

Cooperative Structure

A framework within an organization where members work together towards common goals, often with shared responsibilities and decision-making.