External Benefits Are the Extra

question 136

Multiple Choice

External benefits are the extra

• A) benefits a consumer gets from consuming a good.
• B) costs a producer creates in producing a good.
• C) benefits that accrue to people other than the consumers.
• D) costs a producer bears for producing a polluting good.
• E) benefits a producer obtains for reducing production of a polluting good.

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Definitions:

Above-Average Effect

The tendency for individuals to overestimate their abilities or qualities, particularly in comparison to others, also known as the superiority bias.

Self-Verification

The desire and tendency of individuals to seek confirmation of their self-concept from the social environment.

Terror Management Theory

A psychological concept suggesting that humans have anxiety over their mortality, influencing their beliefs and behaviors to manage this fear.

Fear of Death

A pervasive anxiety or dread related to the contemplation or anticipation of dying or the unknown aspects of death.