Externalities Are

question 143

Multiple Choice

Externalities are

• A) either costs or benefits imposed on those other than the seller or the buyer.
• B) always benefits realized by the buyer.
• C) always unpleasant.
• D) always costs imposed on the seller.
• E) either costs or benefits imposed on the seller or the buyer.

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Definitions:

Probability of Quitting

The likelihood or chance that an employee will voluntarily leave their job within a certain period, influenced by various factors including job satisfaction and external opportunities.

High Individualism

A cultural pattern that emphasizes personal goals, autonomy, and self-reliance over collective goals, community, and interdependence.

Personal Uniqueness

The distinct characteristics and experiences that define an individual's identity and differentiate them from others.

High Collectivism

A social pattern in which individuals prioritize the goals and well-being of the group over personal goals or desires.