Which of the Following Is True of Externalities

question 39

Multiple Choice

Which of the following is true of externalities?

• A) All externalities are negative in nature.
• B) They are only borne by individuals responsible for creating them.
• C) Technological innovation results in complete eradication of negative externalities.
• D) Externalities can be in the form of benefits reaped by individuals.

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Definitions:

Implicit Memory

Implicit memory is a type of memory that enables us to perform tasks without conscious awareness of these previous experiences.

Explicit Memory

A type of long-term memory involving conscious recollection of factual information, previous experiences, and concepts.

Declarative Memory

A type of long-term memory that involves the capacity to recall factual information, events, and concepts explicitly.

Overconfidence

A cognitive bias where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy.