Externalities Can Cause the Market Mechanism to

question 205

Multiple Choice

Externalities can cause the market mechanism to

• A)malfunction.
• B)improve.
• C)operate efficiently.
• D)move up toward the production possibility curve.

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Definitions:

Socialized

The process by which individuals learn and internalize the norms, values, and behaviors accepted and practiced in their society.

Break The Law

The act of violating or failing to adhere to legally established rules, resulting in legal penalties.

Chicago School Of Sociology

A school of thought in sociology that emerged in the early 20th century, focusing on urban studies and social ecology.

Symbolic Interactionist Theories

Theories in sociology that focus on how individuals interpret and give meaning to social symbols, and how this process affects social interaction and society.