An Externality Will

question 84

Multiple Choice

An externality will:

• A)usually be characterised as a form of market failure
• B)cause markets to allocate resources efficiently
• C)strengthen the role of the 'invisible hand' in the marketplace
• D)always require the producer to compensate society

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Definitions:

Functional Magnetic Resonance Imaging

A brain imaging technique that measures and maps brain activity by detecting changes associated with blood flow.

Brain Activity

The functioning of the brain, involving complex interactions between neurons and neural circuits to process information, regulate bodily functions, and produce behavior.

Midbrain

The middle part of the brainstem playing an important role in vision, hearing, motor control, sleep/wake, arousal (alertness), and temperature regulation.

Eyes And Ears

Eyes And Ears metaphorically refers to sources of information or surveillance, often used to denote individuals appointed to observe and report.