Externalities Are Defined as _____

question 48

Multiple Choice

Externalities are defined as _____

• A) any transaction external to a firm.
• B) costs or benefits that fall on third parties.
• C) policies that firms adopt to sell products outside a country.
• D) managers' dealings with stockholders outside a firm.
• E) costs of maintaining plant and equipment to avoid the scrutiny of external auditors.

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Definitions:

CS

Short for Conditioned Stimulus, it is a term used in classical conditioning to denote a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually triggers a conditioned response.

Reinforced Schedule

A concept in operant conditioning that outlines how often a behavior is reinforced, influencing the frequency and predictability of the behavior.

Schedules of Reinforcement

The rules that determine how and when certain responses will be reinforced in operant conditioning.

Type of Reinforcement

Refers to the methods or mechanisms used to strengthen or increase the probability of a behavior, including positive reward and negative consequence strategies.