Negative Externality Occurs When

question 14

Multiple Choice

Negative externality occurs when

• A)The production of a good harms third parties
• B)The production of a good helps third parties
• C)A buyer is sold inferior and damaged merchandise
• D)The consumption of a good helps third parties

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Definitions:

Static Traits

Personality characteristics or attributes that are stable over time and across various situations.

Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Constitutional Traits

Characteristics and qualities that are believed to be biologically determined, such as certain behavioral tendencies or physical features.

Source Traits

Fundamental personality traits from which surface traits, observable behaviors, are derived according to trait theory.