Jealousy Appears to Be a Common Emotion

question 127

Multiple Choice

Jealousy appears to be a common emotion.We are most likely to exhibit jealous behaviour and emotions when

• A)another person is deeply in love with us,but we are not that much in love,and we "flirt" with another person.
• B)the person who is in love with us demands that we should not be going out with other people.
• C)the person,whom we love,does not love us in return and tells us so.
• D)the person,whom we love,gives her/his attention to someone else and we think that the attention should have been given to us.

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Definitions:

Coase Theorem

A principle that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own, leading to an efficient outcome.

Property Rights

The legal rights to use, control, and derive benefits from a property or resource.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.

External Costs

External costs, or negative externalities, are costs that are not borne by the parties directly involved in a transaction or activity but are imposed on third parties or society at large, such as pollution.