Which of the Following Must Be Present to Reach a Private

question 220

Multiple Choice

Which of the following must be present to reach a private solution to an externality problem?

• A) A majority of the parties affected by the externality must agree to a solution.
• B) The transaction costs to negotiate a solution must be relatively low.
• C) The total number of people, creators of the problem and those affected, must be relatively large to justify negotiating a solution.
• D) The government must approve the solution for it to be a legal solution.

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Definitions:

Gender Schema Theory

A cognitive theory that explains how individuals become gendered in society, and how sex-linked characteristics are maintained and transmitted to other members of a culture.

Information-processing Theory

A cognitive approach that uses the metaphor of a computer to describe how the mind processes information, from input through to storage and retrieval.

Information-processing System

A framework or mechanism that manipulates, stores, retrieves, and manages data or information.

Gender Schema

A cognitive framework that organizes information relevant to gender, influencing how individuals perceive and interpret gender-related information.