A Benefit-Based Standard

question 33

Multiple Choice

A benefit-based standard

• A) is one that balances social benefits with social costs, at the margin
• B) achieves allocative efficiency
• C) achieves a cost-effective level of pollution abatement
• D) is set to improve society's well-being without consideration for costs

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Definitions:

Fixation

In psychoanalytic theory, an obsessive interest or feeling stuck at a particular stage of psychological development.

Compensation

A concept in psychology that refers to efforts made to offset or overcome weaknesses, disadvantages, or handicaps, aiming to maintain self-esteem or achieve success.

Collective Unconscious

A concept proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Personal Unconscious

A term used in psychology, particularly in theories by Carl Jung, to describe a layer of the unconscious mind consisting uniquely of an individual's suppressed memories and thoughts.