An Externality Arises When

question 45

Multiple Choice

An externality arises when:

• A)an economic good is produced by many firms.
• B)the actions of a decision maker affect other decision makers in a way not reflected in the market price.
• C)the actions of a decision maker do not affect other decision makers.
• D)the market equilibrium is inefficient.

Grasp the concept of "cultural capital" and its variants within social contexts.

Identify how structural racism is manifested in educational institutions.

Interpret oppositional culture theory and its application to student behavior and curriculum critique.

Recognize the significance of educational completion rates by race and their impact on society.

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Definitions:

Remainder Operator

An operator (usually %) used in programming to compute the remainder of the division of two numbers.

Integer Division

The process of dividing two integers resulting in an integer quotient, discarding any remainder.

Scientific Notation

A way of expressing numbers that are too big or too small to be conveniently written in decimal form, using powers of 10.

Value

A piece of data or information that can be stored in a variable, passed as a parameter, or returned by a method in programming.