With Defined Property Rights, an Externality

question 294

Multiple Choice

With defined property rights, an externality

• A) can only be corrected with government intervention.
• B) will not lead to a misallocation of resources.
• C) may be internalized with voluntary contracting, under certain circumstances.
• D) must lead to society producing inside its production possibilities frontier.

---

Definitions:

Longitudinal Study

A research design in which the same subjects are observed for a period of time to study changes or developments in a specific characteristic or set of characteristics.

Feeding Disorders

Complex conditions characterized by abnormal eating behaviors and potentially serious nutritional and psychological consequences.

Lifetime Prevalence

The proportion of individuals in a population who have experienced a particular disorder at any point in their lives.

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by inappropriate methods of weight control, such as vomiting or excessive exercise.