Sebastian Is Highly Competent with Social Media and Considers Himself

question 63

Multiple Choice

Sebastian is highly competent with social media and considers himself a global citizen. These are qualities he says are a result of his belonging to the millennial generation. His self-identity as a millennial is a function of, or contributes to, his ________.

• A)foundation of common human needs and desires
• B)cultural and social identity
• C)unique individual identity
• D)single story perspective
• E)nationality

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Definitions:

Positive Externality

A beneficial effect experienced by a third party who did not choose to incur that benefit, often resulting from an individual's or firm's actions.

Corrective Tax

A tax designed to internalize externalities, effectively correcting market outcomes that might otherwise result in social inefficiency.

Command-And-Control Policies

Regulatory strategies where the government sets specific limits and controls on emissions or discharges, often requiring technology or methods to be used.

Corrective Taxes

Taxes imposed to correct the market outcomes by accounting for externalities and bringing the social costs and benefits into balance.