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Externalities are best solved by:
Skinner's Terminology
The set of terms and concepts developed by B.F. Skinner to describe his theories and findings in the field of behaviorism.
Observational Learning
Learning a behavior by watching someone else do it.
Bandura's Ideas
A body of theories and insights from psychologist Albert Bandura, focusing on social learning theory, self-efficacy, and the impact of observational learning on behavior.
Locus of Control
A psychological concept that refers to individuals' beliefs about the extent to which the outcomes of their actions are under their personal control or influenced by external forces.
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Q57: The production function for the wheat farm