When Private Costs Differ from Social Costs, Which of the Following

question 126

Multiple Choice

When private costs differ from social costs, which of the following must be present?

• A)excludable resources
• B)a negative externality
• C)a natural monopoly
• D)poor profit incentive to capitalise on the resource

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Definitions:

Goal-Setting Theory

Theory that suggests that human performance is directed by conscious goals and intentions.

Content Theory

A theory that focuses on the specific factors that motivate an individual, examining what elements are involved in creating, sustaining, and directing behavior.

Need Theory

A motivational psychology theory that identifies certain needs as the primary drivers of human behavior.

Motivation Process

Involves the psychological forces that determine the direction of a person's behavior in an organization, a person's level of effort, and a person's level of persistence in the face of obstacles.