Positive Consumption Externalities Increase the Demand and Socially-Optimal Quantity Consumed

question 10

True/False

Positive consumption externalities increase the demand and socially-optimal quantity consumed of a product.

---

Definitions:

Long Working Hours

Extended periods of work time that surpass the standard full-time hours, often associated with increased stress and health risks.

Productive Characteristics

The attributes or features of a production process, including efficiency, technology used, and input requirements, that determine the output level and quality.

Employment Discrimination

Unfair treatment of employees based on race, gender, age, religion, national origin, physical or mental disability, or sexual orientation, rather than job performance and qualifications.

Average Wage

The median wage earned by workers, calculated by dividing the total payroll by the number of wage earners.