A Negative Externality

question 292

Multiple Choice

A negative externality

• A)is an adverse impact on a bystander.
• B)causes the product in a market to be under-produced.
• C)is an adverse impact on market participants.
• D)is present in markets where the good or service does not have any impact on bystanders.

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Definitions:

Social Dominance Orientation

A personality trait which predicts social and political attitudes, characterized by a preference for hierarchy in social settings and dominance over lower status groups.

Right-Wing Authoritarianism

A personality and ideological framework characterized by a high degree of submission to authorities, aggression toward outgroups, and a rigid adherence to conventional norms.

Preemptive Bombing

A military strategy involving an attack made on the presumption that an enemy is planning an imminent attack, intended to neutralize the perceived threat.

Conservative American College Students

Refers to students enrolled in American colleges who hold conservative values and beliefs politically and socially.