An External Cost in the Production of a Good Creates

question 71

Multiple Choice

An external cost in the production of a good creates a difference between the
i.costs borne by the producer and the costs borne by society in general.
ii.efficient quantity of output and the equilibrium quantity of output.
iii.marginal social cost and the marginal private cost.

• A) i only
• B) iii only
• C) ii and iii
• D) i, ii, and iii
• E) i and iii

Analyze the evolution of children’s fears and understand their underlying causes.

Delineate the relationship between prosocial behavior and various developmental stages and factors.

Understand the theoretical frameworks of cognitive-developmental, gender-schema, and Eriksonian stage theories related to gender and psychosocial development.

Identify types of play and their role in child development.

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Definitions:

Stereotyping

Assigning fixed, generalized attributes to a group of people, often leading to prejudice and discrimination.

Discrimination

Unfair or prejudicial treatment of individuals based on certain characteristics such as race, gender, age, or sexual orientation, rather than on their merits.

Halo Effect

A cognitive bias where one's overall impression of a person, brand, or product influences one's thoughts and feelings about that entity's character or properties.

Locus of Control

A psychological concept referring to how strongly people believe they have control over the situations and experiences affecting their lives.