Implied Authority Consists Of

question 181

Multiple Choice

Implied authority consists of:

• A) the power of an agent to do whatever is authorized by the Uniform Agency Act
• B) the power to mingle the funds of the agent and principal
• C) limits on an agent's actions, so that the agent may only do what the principal orders, in writing or orally
• D) the power of the agent to withhold services if the principal fails to pay her
• E) none of the other choices

Analyze the implications of externalities on market failure and the role of government in correcting these failures.

Understand the concept of marginal social cost and marginal social benefit in the context of pollution and externalities.

Comprehend the challenges associated with empirically measuring and regulating externalities.

Examine the significance of permit trading in pollution control and its efficiency implications.

---

Definitions:

Physical Fights

Direct physical conflicts between individuals or groups, involving bodily contact and harm.

Video Game

An electronic game involving human interaction with a user interface to generate visual feedback on a video device.

Weapons Effect

The phenomenon that the presence of a weapon or similar cues can increase aggressiveness in individuals.

Foreign Aid

Financial, technical, or humanitarian assistance provided by one country to another, especially to promote development and alleviate poverty.