A Familiar Example of a Negative Externality Is Traffic Congestion

question 104

Multiple Choice

A familiar example of a negative externality is traffic congestion.In principle,it should be possible to internalize this externality by permitting drivers to negotiate rights to drive during particular times.The most likely reason that these negotiations do NOT happen is that:

• A)most individuals are unfamiliar with the Coase theorem.
• B)the transaction costs associated with identifying and establishing communication among the many interested parties would be prohibitive.
• C)agreements arising from such negotiations could not be enforced since the Constitution guarantees all individuals freedom of access to all public roads.
• D)lawyers would find a way to prohibit such negotiations unless they were actively involved,thus making transaction costs prohibitive.

Learn about the methods to designate a portion of a surface as a datum.

Understand the significance of datum features in establishing part orientation and measurement reference.

Become familiar with the symbols and notation used to represent datums in technical drawings.

Understand the principles of gene therapy and its classification.

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Definitions:

Braden Scale

A tool used in healthcare to predict the risk of developing pressure ulcers by assessing factors such as mobility, moisture, and nutrition.

Serum Total

Often refers to the total measurement of a substance within the serum component of blood, used in various medical tests.

Primary Intention

A wound closure technique that involves direct edge-to-edge contact to facilitate healing, typically used for clean, uninfected wounds.

Granulation Tissue

Fresh connective tissue and tiny blood vessels that develop on a wound's surface as it heals.