What Are Externalities

question 3

Multiple Choice

What are externalities

• A)side effects passed on to a party other than the buyers and sellers in the market
• B)external forces that help establish equilibrium price
• C)external forces that cause the price of a good to be higher than it otherwise would be
• D)side effects of government intervention in markets

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Definitions:

Postconventional Moral Reasoning

A stage in Kohlberg's theory of moral development in which individuals make moral decisions based on universal ethical principles and the consideration of the greater good.

Conscience Orientation

A perspective focused on ethics, morality, and the internalized sense of right and wrong.

Authoritative

Refers to a parenting style characterized by high responsiveness and high demands, considered one of the most effective approaches.

Authoritarian

Describes a governing system with strict obedience to authority at the expense of personal freedom.