Pollution Is Caused by a Market Failure, in an Industry

question 362

Multiple Choice

Pollution is caused by a market failure, in an industry in which there is

• A) unemployment.
• B) an over-allocation of resources in production.
• C) excess demand.
• D) excessive cost borne by the firm.

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Definitions:

Classical Conditioning

A procedure of learning through which the regular pairing of two stimuli results in a response that was at first initiated by the second stimulus but is ultimately initiated by the first stimulus alone.

Operant Conditioning

A learning method where the consequences of a behavior (reinforcements or punishments) influence the likelihood of that behavior occurring again.

Latent Learning

Learning that occurs without obvious reinforcement and is not immediately observable in an individual’s behavior.

Operant Conditioning

A learning approach that relies on the use of incentives and consequences for one's actions.