How Long Can It Take for Family Members to Learn

question 43

Multiple Choice

How long can it take for family members to learn new patterns of interacting after an alcoholic family member stops drinking?

• A)four to six weeks
• B)six months to two years
• C)two to three years
• D)five to ten years

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Definitions:

Externalities

Externalities are unintended side effects of economic activity affecting third parties not directly involved in the transaction, which can be either positive or negative.

Pollution Permits

Legal rights granted by governments to emit a specific amount of pollutants into the environment.

Corrective Tax

A tax designed to incentivize socially desirable behavior, often used to correct for the negative externalities of an action or consumption.

Coase Theorem

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