Two Types of Private Solutions to the Problem of Externalities

question 28

Multiple Choice

Two types of private solutions to the problem of externalities are

• A)charities and the Golden Rule.
• B)charities and subsidies.
• C)the Golden Rule and taxes.
• D)taxes and subsidies.

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Definitions:

HR Professionals

Individuals or teams specializing in managing recruitment, training, performance, and well-being of employees within an organization.

Employee Retention

Strategies and practices aimed at keeping valuable employees within a company to reduce turnover and maintain productivity.

Mass Customizing

A production and marketing strategy that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Employment Experience

The accumulation of knowledge, skills, and attitudes acquired by individuals through participating in the workforce.