Each of the Following,except One,is a Condition Necessary for a Private

question 11

Multiple Choice

Each of the following,except one,is a condition necessary for a private market solution to an externality problem.Which is the exception?

• A)Legal rights must be clearly established.
• B)Legal rights must be easily transferred.
• C)The number of people involved must be very small.
• D)The amount of money involved must be very small.
• E)Side payments must be arranged without cost.

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Definitions:

Synapses

The junctions between neurons through which nerve impulses pass, allowing for communication within the nervous system.

Specialized Cells

Cells that have developed unique characteristics and functions to perform specific roles within an organism.

Sense of Balance

The ability to maintain bodily equilibrium or stability through the integration of sensory information from the vestibular system, vision, and proprioception.

Just Noticeable Difference (jnd)

The minimum difference in stimulation that a person can detect 50% of the time.