Which of the following is the correct example of externality?Select one:a.a person likes to have few but close friends rather than a large circle of casual acquaintancesb.a person typically outgoing, have high self-esteem, are energized by being around other people, are socially confident and enjoy being in large social gatheringsc.a person smokes in front of people who doesn't smoke making some people cover thier nose or cough because of the inhaled smoked.a person who is like rust to metal, he/she is outside of the other person therefore externalityClear my choice

Externality: What It Means in Economics

What is the primary claim of externalism?2 pointsMental content is about the relations between the subject and object of the mental stateThe external world is actually just composed of our mental statesMental content is externally observable through behaviourMental content is exclusively about the external world

If companies who internalised an externality want to supply less at any given price compared to the original market supply, it must be a:Question 2Select one:A.Social externality.B.Positive externality. C.Negative externality.D.Network externality.

Which of these is an example of an externalizing problem?Group of answer choicesTrinh, who is fearful and withdrawnFroya, who lashes out uncontrollablyIme, who has frequent headaches or stomachachesKshitija, who refuses to talk to new people

Externalities exist becauseGroup of answer choicesthere is too much private ownership of property.owners of private property are not able to trade with others.owners of private property have an incentive to maintain their property.owners of private property have little incentive to protect their property.property rights are not clearly defined.