Externalities Are the Impacts

question 231

Multiple Choice

Externalities are the impacts

• A) that affect only the consumers in the private market.
• B) that affect only the producers in the private market.
• C) on the government.
• D) on third parties.

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Definitions:

Pygmalion Effect

Proposes that leaders’ expectations of followers, and their treatment of them, explain and predict followers’ behavior and performance.

Golem Effect

Loss in performance due to low leader expectations.

Zeigarnik Effect

Deterioration of morale and performance when tasks begun are not completed, which can be prevented by assigning whole tasks and allowing sufficient time for completion.

Glass-Ceiling Effect

A metaphorical barrier that prevents certain groups, often women and minorities, from advancing beyond a certain level in hierarchies, particularly in corporate settings.