Which of the Following Is an Example of an External

question 270

Multiple Choice

Which of the following is an example of an external cost?

• A) The cost of labor to a firm
• B) The pollution caused by automobile exhaust
• C) The cost of tires for your car
• D) The opportunity cost of getting a college education

Analyze the effects of social facilitation, social loafing, and group polarization on group performance

Evaluate the role of prejudice and discrimination in societal interactions and systems

Understand the distinction between prejudice, discrimination, and stereotypes

Comprehend the psychological mechanisms behind group identity and ingroup bias

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Definitions:

Juggernaut

An overwhelming, advancing force or structure that crushes everything in its path.

Cosmopolitanism

A philosophy or ethos promoting the idea of global citizenship, where individuals are members of a single, universal community based on shared morality and values.

Globalism

The ideology and process favoring a more interconnected and interdependent world, economically, politically, and culturally.

Globality

The condition of global interconnectedness and interdependence, often in the context of economics, politics, and culture.