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:

Self-Regulation

An individual's ability to manage their emotions, behaviors, and thoughts in pursuit of long-term goals, often critical for personal and professional success.

Parental Methods

Strategies, practices, or techniques employed by parents in the upbringing, discipline, and guidance of their children.

Emotional Arousal

The state of being physiologically alert and mentally stimulated, often as a response to an emotion-evoking stimulus.

Internalization

The psychological process by which individuals adopt and integrate the beliefs, standards, or behaviors of others into their own personal value system.