The Problems of Externalities and Poorly Formed Property Rights Are

question 45

Multiple Choice

The problems of externalities and poorly formed property rights are:

• A)minor in modern economies.
• B)among several rationales for the existence of government.
• C)better solved by private rather than government action.
• D)the only two legitimate reasons for creating government.

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Definitions:

Counterconditioning Procedures

Techniques used in behavior therapy to replace a negative or unwanted response to a stimulus with a positive one.

Mary Cover Jones

An early psychologist known for her work in desensitization therapy, helping to lay the foundation for behavior therapy.

Joseph Wolpe

A South African psychiatrist best known for developing systematic desensitization, a method used in behavior therapy to treat phobias and other anxiety disorders.

Virtual Reality Exposure Therapy

A counterconditioning technique that treats anxiety through creative electronic simulations in which people can safely face their greatest fears, such as airplane flying, spiders, or public speaking.