External Benefits Are the Extra

question 136

Multiple Choice

External benefits are the extra

• A) benefits a consumer gets from consuming a good.
• B) costs a producer creates in producing a good.
• C) benefits that accrue to people other than the consumers.
• D) costs a producer bears for producing a polluting good.
• E) benefits a producer obtains for reducing production of a polluting good.

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Definitions:

Learning Theory

A conceptual framework describing how knowledge is absorbed, processed, and retained during learning.

Identity Achievement

The status of adolescents who commit to a particular identity following a period of crisis during which they consider various alternatives.

Identity Foreclosure

The status of adolescents who prematurely commit to an identity without adequately exploring alternatives.

Moratorium

The status of adolescents who may have explored various identity alternatives to some degree but have not yet committed themselves.