Which of the Following Ways Can Lead Market Failure to Serious

question 17

Multiple Choice

Which of the following ways can lead market failure to serious environmental harm?

• A)Creating abundant markets to create a price for important social goods
• B)Making no distinction between individual decisions and group consequences
• C)Inexistence of externalities in the economic exchange system
• D)Assigning property rights to unowned goods

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Definitions:

Visual Stimulus

Any object or event in the environment that can be seen and thus influences the behavior or perception of the observer.

Blindsight

A phenomenon in which individuals with certain types of brain damage can respond to visual stimuli without consciously perceiving them.

The Cocktail Party Effect

The ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, as when a person can focus on a single conversation in a noisy environment.

Text Message

A short message transmitted between mobile phones or other electronic devices.