People That Choose to Live near Airports Must Put Up

question 48

Multiple Choice

People that choose to live near airports must put up with the noise associated with aircrafts arriving and departing. Which of the following best describes how those people are compensated for the negative externality that they face?

• A) They have been compensated for the externality by the airlines.
• B) They have been compensated for the externality with easier access to the airport.
• C) They have been compensated for the externality with lower housing costs.
• D) They have been compensated for the externality by the government.

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Definitions:

Personality Inventory

A type of questionnaire or psychological test designed to reveal aspects of an individual's character or psychological makeup.

Individual's Thoughts

The personal cognitive processes or considerations of a person.

Dimensions of Personality

Fundamental attributes that structure an individual's personality, often described in models like the Big Five: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Phallic Stage

A phase in Freudian psychosexual development where a child’s focus of libido is on the genital area, marking it as a critical stage in the formation of sexual identity.