A Positional Externality

question 167

Multiple Choice

A positional externality:

• A)only occurs in sports.
• B)arises in situations in which rewards depend on absolute performance.
• C)results in under investment in performance enhancement.
• D)arises in situations in which rewards depend on relative performance.

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Definitions:

Family Planning Program

is a health initiative that provides individuals and couples information and access to services regarding reproductive health, including birth control, to enable planning and spacing of births.

China

A country in East Asia, known for being one of the world's oldest civilizations and currently the most populous country.

Population Growth

The growth of a population as the number of its individuals rises over a period.

Thailand

A country in Southeast Asia known for its tropical beaches, opulent royal palaces, ancient ruins, and ornate temples displaying figures of Buddha.