In General,an Externality Is Created When

question 118

Multiple Choice

In general,an externality is created when

• A) people are affected (other than by price) by a transaction which they were not part of.
• B) firms produce a product of low quality and consumers don't like it.
• C) firms have to pay for polluting the environment.
• D) the government subsidizes education.

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Definitions:

Authoritarian Parenting Style

A parenting approach characterized by high demands and low responsiveness, where parents enforce strict rules and expect obedience.

Physical Punishment

The use of physical force with the intention of causing a child to experience pain, but not injury, for purposes of correction.

Mental Health Problems

A wide range of conditions that affect mood, thinking, and behavior, often leading to distress or impairment in daily functioning.

Self-Esteem

The global evaluative dimension of the self; also called self-worth or self-image.