A Negative Externality Can Be Internalized

question 107

Multiple Choice

A negative externality can be internalized

• A)by persuasion, the imposition of a tax, the assignment of property rights, or a voluntary agreement.
• B)only by the imposition of a tax.
• C)only by persuasion or the assignment of property rights.
• D)only by a voluntary agreement.

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Definitions:

Role-Playing

The act of imitating the character and behaviors of someone else, often as a learning tool or form of entertainment.

Dispositional Attribution

The process of attributing behavior to internal factors, such as personality traits, beliefs, or emotions, rather than external situational forces.

Cognitive Dissonance

Psychological discomfort experienced by an individual who holds contradictory beliefs, ideas, or values simultaneously.

Car Accident

A collision involving one or more vehicles, often resulting in vehicle damage and potential injury to people involved.