An External Benefit Is A

question 53

Multiple Choice

An external benefit is a:

• A)negative externality.
• B)benefit that accrues to domestic firms as a result of the actions of foreign (external)firms.
• C)benefit that accrues to foreign (external)firms as a result of the actions of domestic firms.
• D)benefit that individuals or firms confer on others without receiving compensation.

Understand the concepts and implications of the contact hypothesis in improving intergroup relations.

Define and differentiate between key terms such as sexism, prejudice, discrimination, and racism, including their various forms.

Recognize the origins and consequences of prejudice and strategies for its reduction.

Compare and contrast different forms of conflict management and understand their applicability in various scenarios.

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Definitions:

Voluntary

Acting or done willingly and without obligation or compensation.

Public Policy

Principles and standards regarded by the legislature or courts as being of fundamental concern to the state and the whole of society.

Illegal

That which is forbidden by law; activities or actions that are against statutory laws and regulations.

Unenforceable

A contract or clause that cannot be executed by the judicial system because it violates laws or regulations or because it lacks certain essential elements.