A Positive Externality Is One in Which There Is an External

question 47

True/False

A positive externality is one in which there is an external benefit bestowed on a third party>

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Definitions:

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positively or negatively.

Delusion of Reference

A false belief that general occurrences, events, or interactions are uniquely related to oneself, often seen in psychiatric conditions like schizophrenia.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act.

Bipolar

A mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).