When External Costs Result from the Production of a Good

question 133

Multiple Choice

When external costs result from the production of a good,

• A)Producers have an incentive to produce too little.
• B)Consumers have an incentive to consume too little.
• C)Both producers and consumers have an incentive to produce and consume too much.
• D)Producers and consumers are not affecteD.If a product yields external costs,the social demand is less than the market demand.

Explore the concept of social contract by Rousseau and its implications for the need for government.

Understand the implications of Enlightenment thinking on challenging existing power structures.

Describe the significance of conservative reactions to classical sociological theories.

Define and analyze the concept of social facts and their application in sociological inquiry.

---

Definitions:

G. Stanley Hall

An American psychologist and educator who is considered one of the founding figures of child psychology and educational psychology.

Psychological Research Laboratory

A controlled environment where experiments are conducted to study human behavior and cognitive processes.

Structuralist

An approach in various academic disciplines that explores the underlying structures that govern phenomena or concepts.

Conscious Reactions

Responses that involve awareness and deliberate thought.