Eileen Signed Up for a Photography Class After Having Seen

question 72

Multiple Choice

Eileen signed up for a photography class after having seen some spectacular wildlife art pictures done by a local artist.She is most likely experiencing

• A) hope.
• B) joy.
• C) pride.
• D)interest.
• E) gratitude.

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Definitions:

Externality Problems

Issues arising from the impact of one person's actions on the well-being of a bystander, which are not reflected in market prices.

Marginal Benefit

The extra pleasure or advantage obtained from acquiring or generating an additional unit of a product or service.

Tax Cost

The economic expense associated with the imposition of taxes, including the burden on consumers or producers.

Resources Allocation

It involves distributing available resources among various competing needs or projects in order to achieve desired objectives or optimize outcomes.