An Externality Is

question 99

Multiple Choice

An externality is

• A)a benefit realized by the purchaser of a good or service.
• B)a cost paid for by the producer of a good or service.
• C)a benefit or cost experienced by someone who is not a producer or consumer of a good or service.
• D)anything that is external or not relevant to the production of a good or service.

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Definitions:

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner.

Superordinate Goal

A shared objective that requires the cooperation of two or more individuals or groups to achieve, often used to resolve conflicts.

Low Assertiveness

Characterized by a lack of self-assurance and confidence in expressing one's opinions or needs.

Low Cooperativeness

The tendency of an individual or group to be less willing or able to work together with others.