Which of the Following Best Illustrates an Externality

question 29

Multiple Choice

Which of the following best illustrates an externality?

• A) A worker agrees to work in a dangerous job because it is the best job the worker can get.
• B) A job is so dangerous that the employer cannot attract workers, resulting in a good not being produced despite the fact that it is valued by consumers.
• C) A local government imposes a payroll tax of $5 per hour on employers causing some jobs, that would have existed in the absence of the tax, to be lost.
• D) An employer and worker agree to produce a good with a production method that emits pollution on the nearby community.

Distinguish between different artistic materials and techniques used in the Pacific Islands.

Describe the societal structures and social hierarchies reflected through art in Pacific Island cultures.

Acknowledge the spiritual and protective purposes behind specific artifacts and symbols.

Differentiate among the various Pacific Island cultures based on their art and ceremonial practices.

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Definitions:

Innovation

The process of introducing new ideas, devices, or methods, often leading to improvements in products, services, or processes within an industry or sector.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Research and Development

These are activities undertaken by companies or governments in pursuit of new knowledge, innovations, and product development.

GDP

Gross Domestic Product is the sum value of all finished goods and services made within a country's borders over a certain timeframe, measured in monetary terms.