Examlex
Choose the sequence of events in order for how gustation is conveyed from beginning to end.
1) Taste bud detects tastant on anterior two third of tongue
2) Information travels to limbic system and hypothalamus,and to the thalamus
3) Gustatory nucleus in medulla receives information
4) First order neuron from facial nerve carries impulse
5) First order neuron from vagus nerve carries impulse
6) First order neuron from glossopharyngeal nerve carries impulse
7) Conscious perception of taste
8) Information is sent to the insula of the cerebral cortex
Coase Theorem
A principle stating that if trade in an externality is possible and there are no transaction costs, parties will negotiate to produce an efficient outcome.
Free-Rider Problem
A situation in which individuals benefit from resources or services without paying for them, leading to underprovision of those goods.
External Costs
Costs created by an activity that affect other parties without them being reflected in the market prices, similar to negative externalities.
Production
The process of creating goods and services through the combination of labor, materials, and capital.
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