If an Externality Is Present in a Market,what May Enhance

question 178

Multiple Choice

If an externality is present in a market,what may enhance economic efficiency

• A)increased competition
• B)if private individuals do not attempt bargaining on their own to resolve the problems caused by externalities
• C)better informed market participants
• D)government intervention

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Definitions:

Negative Reinforcing

A behavior modification process where the removal of an unpleasant stimulus strengthens a behavior.

Negative Reinforcer

A stimulus that, when removed after a behavior occurs, increases the likelihood of that behavior being repeated.

Reduction In Tension

A process or action that decreases stress or anxiety levels in individuals or groups.

Oral Needs

Psychological or physical requirements for satisfaction received through the mouth, such as eating, drinking, or the need for verbal expression.