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.

Understand the basic concepts and theories related to global inequality and poverty.

Identify the factors contributing to world poverty and the dynamics of the global stratification system.

Understand the role of modernization theory in economic development.

Recognize the impacts of globalization, including the role of multinational corporations, on global inequality.

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Definitions:

Double-Blind Procedure

A research or testing methodology in which both the participants and the experimenters are unaware of who is receiving a specific treatment, to eliminate bias.

Experimental Research

A research method involving the manipulation of variables to determine cause-and-effect relationships.

Survey

A research method that involves collecting data from a sample of individuals through their responses to questions, aimed at gathering information about attitudes, behaviors, or characteristics.

Correlational Research

A type of non-experimental research method in which a researcher measures two variables, understands and assesses the statistical relationship between them without any causal assumption.