An Externality Is Said to Exist When

question 35

Multiple Choice

An externality is said to exist when:

• A) individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account.
• B) individuals impose costs or benefits on others,and the market provides incentives to take these costs and benefits into account.
• C) individual actions are affected by external forces like the loss of Canadian jobs because of competition from abroad.
• D) individual actions are affected by government policies (such as taxes)that are externally imposed on the market.

Grasp the concept of interference (proactive and retroactive) and how it affects memory.

Understand memory-related conditions such as amnesia and the differences between retrograde and anterograde amnesia.

Recognize the role of brain structures in memory processes.

Acknowledge the impact of psychological theories on the understanding of memory phenomena like repression and motivated forgetting.