Externalities

question 85

Multiple Choice

Externalities

• A)Occur because of government failure.
• B)Are the costs or benefits of market activities that "spill over" onto third parties.
• C)Occur because of selfish consumers.
• D)Occur because demand is hidden.

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Definitions:

Safety Needs

A concept in Maslow's hierarchy of needs referring to an individual's need for security and protection from physical and emotional harm.

Expectancy Theory

A process theory that states that motivation is determined by the outcomes that people expect to occur as a result of their actions on the job.

High Level

Referring to something that is of great importance, complexity, or positioned at the top of a hierarchy or system.

Instrumentality

The probability that a particular first-level outcome will be followed by a particular second-level outcome.