When There Is a Positive Externality

question 143

Multiple Choice

When there is a positive externality,

• A) the private benefit received by consumers is greater than the external benefit.
• B) the social benefit received by consumers is greater than the private benefit.
• C) the private benefit received by consumers is greater than the private cost.
• D) the private benefit received by consumers is greater than the social benefit.

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Definitions:

Trainers

Professionals who specialize in developing the skills and knowledge of individuals or groups through instructional programs.

Diversity

The inclusion of individuals from various backgrounds, cultures, genders, races, and other demographic characteristics within an organization or group.

Job Analysis

The process of collecting information about jobs, including duties, responsibilities, skills, and work environment.

Job Performance

The extent to which an employee completes the duties and tasks associated with their job role effectively and efficiently.