Before Mark Had Even Heard the Details of How Allison's

question 76

Multiple Choice

Before Mark had even heard the details of how Allison's car accident had happened, he commented, "Allison is so absentminded, I'm sure it happened because she was probably talking on her cell phone and not paying attention." Mark's response illustrates an attributional pattern called:

• A)blaming the victim.
• B)the self-effacing bias.
• C)the rule of reciprocity.
• D)diffusion of responsibility.

Identify the concepts of marginal private cost, marginal external cost, and marginal social cost.

Analyze the effects of pollution on long-run industry dynamics and market inefficiencies.

Recognize negative externalities in various contexts and their implications for social welfare.

Grasp the significance of demand and supply adjustments in response to externalities.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.