When There Are No Externalities

question 299

Multiple Choice

When there are no externalities

• A) social costs are greater than private costs.
• B) social costs are less than private costs.
• C) private costs are greater than social costs.
• D) private costs equal social costs.

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Definitions:

Punishment

A process by which a consequence immediately follows a behavior, aiming to decrease the likelihood of that behavior occurring again.

Observational Learning

A learning process where individuals acquire new behaviors, skills, or attitudes by watching others, especially models or mentors.

Positive Reinforcement

A process in behavior analysis that involves the addition of a stimulus following a behavior that increases the likelihood of that behavior being repeated.

Behaviour Modification

The use of empirically demonstrated behavior change techniques to improve behaviors and replace undesirable behaviors with more desirable ones.