There Is an Externality Present Only When

question 13

Multiple Choice

There is an externality present only when

• A) private costs diverge from social costs.
• B) private benefits diverge from social benefits.
• C) private costs or benefits diverge from social costs or benefits.
• D) private costs equal social costs.

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Definitions:

Ho'oponopono

A traditional Hawaiian practice of reconciliation and forgiveness, which involves open communication and expressions of remorse, forgiveness, and gratitude.

Ritual Sacrifice

A ceremonial act of offering something valuable to a deity or higher power, often as a form of worship or appeasement.

Grievances

Complaints or disputes brought forward by individuals or groups, typically regarding perceived injustices or unmet expectations in a workplace or organizational setting.

Forgiving Someone

The act of letting go of resentment, anger, or claims against another who has wronged you.