Authoritative Parents Are ______

question 45

Multiple Choice

Authoritative parents are ______.

• A) responsive and demanding
• B) responsive and not demanding
• C) not responsive but demanding
• D) not responsive and not demanding

Demonstrate the mechanism and effectiveness of tradable pollution permits.

Explain the importance of transaction costs in the success or failure of private bargaining solutions to externalities.

Identify and calculate socially optimal quantities and prices in markets affected by externalities.

Analyze the effects of positive and negative externalities on private and social costs and benefits.

---

Definitions:

Alternative Dispute Resolution

A range of processes and techniques used to resolve disputes without traditional litigation, including mediation and arbitration.

Arbitration

A method of dispute resolution where a neutral third party renders a decision, which is usually binding.

Mediation

A form of alternative dispute resolution where a neutral third party helps conflicting parties to reach a mutually satisfactory agreement.

Conciliation

A method of alternative dispute resolution where a conciliator helps parties in a dispute to reach a mutually satisfactory agreement to resolve their issues.