Externalities Have Been Identified by Governments but Firms Have Not

question 95

True/False

Externalities have been identified by governments but firms have not been forced to deal with the side effects of their activities.

Understand the definition and examples of torts.

Identify and explain acts constituting battery and assault including self-defense.

Recognize the characteristics of negligent, strict-liability, and intentional torts.

Understand the principles of assumption of risk and defenses in tort law.

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Definitions:

Conditioned Response

A conditioned reaction developed in response to a previously irrelevant stimulus after its frequent association with a stimulus that elicits an automatic response.

Original CS

In classical conditioning, the conditioned stimulus (CS) that is consistently paired with an unconditioned stimulus (US) to produce a conditioned response (CR).

24 Hours

The period of time it takes for the Earth to complete one full rotation on its axis, typically defined as a day.

Discrimination

An aspect of learning in which the organism learns to respond differently to stimuli that have been associated with a US (or reinforcement), and stimuli that have not.