Internal Markets

question 19

Multiple Choice

Internal markets

• A)do not have the same problems as external markets.
• B)have externalities but do not fail.
• C)have the same problems as external markets.
• D)are more useful relative to external markets.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Empirically Tested

Evaluated or tested based on observations or experience rather than theory or pure logic.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Principle of Falsifiability

A criterion for scientific theories, asserting that for a theory to be considered scientific, it must be testable and potentially refutable.