An Externality Is Internalized

question 115

Multiple Choice

An externality is internalized

• A)when the person(s)or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality)or the external costs (in the case of a negative externality)that third parties bear.
• B)when people are made aware of it and realize that social benefits are less than private benefits (in the case of a positive externality)and that social costs are less than private costs (in the case of a negative externality).
• C)when the person(s)or group that generated the externality do not incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality)or the external costs (in the case of a negative externality)that third parties bear.
• D)it creates negative spillovers to society.

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Definitions:

Team Members

Individuals who belong to a group collaboratively working towards a common goal or objective, each contributing their skills and efforts.

Motivated

The internal condition of being eager or willing to engage in an activity or work towards a goal.

Storming Stage

The phase in team development where conflicts and competition arise as members assert their opinions, leading to clearer group structure and roles.

Team Development

The process of improving the effectiveness and cohesiveness of a team through various activities and interventions aimed at enhancing teamwork and collaboration.