An Externality Exists If

question 47

Multiple Choice

An externality exists if:

• A)a producer of a good is unable to impose production costs on all users of the good.
• B)true market demand for a good is revealed in the market place.
• C)production of a good equals true market demand.
• D)the production of a good is regulated.

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Definitions:

Cognitive-Behavior Therapist

A mental health professional specializing in cognitive-behavioral therapy, focused on changing negative thought patterns and behaviors.

Interpretations

The act or process of explaining the meaning of something, often by analyzing underlying reasons or causes.

Person-Centered Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes the importance of the individual's personal experience and the therapist's unconditional positive regard.

Psychotherapy

A treatment method for emotional and mental disorders which employs psychological techniques to encourage communication of conflicts and insight into problems.