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If There Are Both External Benefits and External Costs Associated

question 174

Multiple Choice

If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are greater than the external costs,


Definitions:

Humanistic Theorists

Psychologists who emphasize the study of the whole person and believe that individuals have free will and a natural desire towards self-improvement and deeper understanding of themselves.

Individual Selfishness

The tendency for individuals to prioritize their own interests over the welfare of others.

Self-indulgence

The act of allowing oneself to enjoy the pleasure of consuming goods, services, or experiences to an excessive or unwarranted degree.

Carl Rogers

A prominent American psychologist known for developing the client-centered therapy approach, emphasizing empathy, unconditional positive regard, and the importance of the self in psychological therapy.

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