Which of the Following Is Most Likely to Generate an Externality

question 16

Multiple Choice

Which of the following is most likely to generate an externality

• A)Teachers at a local high school purchase a coffee maker for the staffroom.
• B)A couple with young children moves next door to the children's grandparents.
• C)A newlywed couple buys furniture for their condo.
• D)John buys a tractor to mow his newly purchased five-hectare lot.

Delineate between the strengths and weaknesses of network analysis and social exchange theory.

Evaluate the relationship between exchange theory, rational choice theory, and network theory and their perspective towards social action.

Understand the fundamental principles of social exchange theory.

Explain the role of power dynamics in associations as per Peter Blau and George Homans.

---

Definitions:

Long-term Memory

A type of memory responsible for the storage of information over an extended period, possibly a lifetime.

Rehearsal

The practice or process of repeating information, such as a performance or activity, to improve skill and memory.

Elongation

The process or state of extending or being elongated in physical length or duration.

Elaboration

A detailed explanation or development of an idea, concept, or theory.