Examlex
Dr.Narayan is interested in how much of personality is inherited,so she tests whether the personalities of siblings are more similar to each other than they are to distant cousins.This research would best be described as ____.
Negative Externalities
Unintended adverse effects of an economic activity on unrelated third parties; they represent a failure of the market to fully account for the impacts of transactions.
Social Planner
A hypothetical figure in economic theories who makes decisions designed to allocate resources efficiently and achieve social welfare objectives.
Private Cost
The expenses that a company or an individual incurs as a result of its economic activity, excluding any external costs.
Private Value
The value of a good or service to a particular buyer or group of buyers, which may differ from its market price or the value to other buyers.
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