An Externality Is_____

question 4

Multiple Choice

An externality is_____.

• A)an unintended by-product of market exchange that is allocated outside the market system
• B)an intended by-product of market exchange that is allocated outside the market system
• C)an unintended by-product of market exchange that is allocated within the market system
• D)an intended by-product of market exchange that is allocated within the market system

---

Definitions:

Multiple Selves

The concept that individuals possess different aspects or identities within themselves, which can vary depending on context or situation.

Albert Bandura

A psychologist famous for his work on social learning theory and the concept of self-efficacy.

Observable Behavior

Actions or reactions of an individual that can be directly noticed and measured by others, excluding internal processes not visible externally.

Future Self

The conception of oneself in the future, encompassing hopes, fears, goals, and potential changes over time.