A Cost That Arises from the Production or Consumption That

question 83

Multiple Choice

A cost that arises from the production or consumption that falls on someone other than the producer or consumer is called

• A) a negative benefit.
• B) a public choice impact.
• C) a positive externality.
• D) a negative externality.
• E) a private good.

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Definitions:

Material Benefits

Tangible rewards or advantages gained from being a member of a social group or society.

Decision-Making Strategy

A methodological approach to choosing among different options or actions based on specific criteria, objectives, or principles.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Charismatic Leadership

Leadership style based upon the leader’s (perceived) possession of charisma.