_____ Are Costs That Don't Show Up as Part of the Market

question 77

Multiple Choice

_____ are costs that don't show up as part of the market price for a product.

• A)Externalities
• B)Compensatory damages
• C)Implied warranties
• D)Liabilities

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Definitions:

External Locus

A belief system where individuals perceive their outcomes and experiences as being controlled by external forces or fate rather than their own actions.

Internal Locus

The belief that one's actions and outcomes are a result of personal decisions and efforts rather than external factors.

Self-Actualization

The need to actualize or "make actual" your unique talents and abilities.

Habituation

The psychological process by which an individual becomes accustomed to a stimulus and consequently responds less to it over time.