Which of the Following Is a True Statement

question 84

Multiple Choice

Which of the following is a true statement?

• A) Any property right system will yield a situation in which all externalities are internalized.
• B) Voluntary agreements can always yield a situation in which all externalities are internalized.
• C) Opportunity costs always exist with whoever has property rights.
• D) Opportunity costs turn external costs into social costs.

Understand the principles and operation of straight piecework programs.

Analyze the appropriateness of piecework under frequent technological changes.

Identify the impact of internal politics on merit pay distribution.

Understand the basis of payment under standard hour plans.

---

Definitions:

Piaget's Cognitive Development

A theory put forth by the Swiss psychologist Jean Piaget that describes how children's intellectual abilities evolve as they grow.

Stages

Distinct phases or periods in a process of development or progression, often used to describe sequential steps in psychological, physical, or emotional growth.

Lifespan Human Development

The study of how people grow, develop, and adapt at different stages of life from conception to old age.

Research Design

The strategic framework for conducting research, including the methods and procedures for collecting and analyzing data.