A Positive Externality Occurs When

question 221

Multiple Choice

A positive externality occurs when

• A)Jack receives a benefit from John's consumption of a certain good.
• B)Jack receives personal benefits from his own consumption of a certain good.
• C)Jack's benefit exceeds John's benefit when they each consume the same good.
• D)Jack's receives a loss from John's consumption of a certain good.

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Definitions:

Emotional Arousal

The condition of having one's emotions stimulated or intensified, often leading to specific behavioral responses.

Self-Efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task, which can influence their motivation and persistence.

Verbal Persuasion

The process of influencing or convincing others to believe or act in a certain way through the use of spoken words.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.