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:

Language Development

The process by which children come to understand and communicate language during early childhood.

Nature-driven Explanation

An understanding or interpretation based on natural causes or influences, often in contrast to human or artificial factors.

Multiple Languages

The ability or phenomenon of using or understanding more than one language by an individual or within a community.

Cognitive Approaches

Psychological perspectives that focus on internal processes such as thinking, memory, problem-solving, and attention.