Which of the following illustrates a positive externality?
A) Martin's company experiences an increase in profits due to his cost-cutting initiatives.
B) Artem loses sleep when an airport is built near his home, and planes fly overhead.
C) The value of Maria's house rises when the city builds a park nearby, enhancing her view.
D) Ella can buy a shirt at half price because someone else returned it.
Correct Answer:
Verified
Q3: During the production of a good, pollution
Q4: Marjean walks to work every day along
Q5: When an activity has a side effect
Q6: A negative externality is:
A)a side effect of
Q7: When a market transaction has a beneficial
Q9: Which of the following is an example
Q10: Why are externalities considered a cause of
Q11: Externalities tend to occur because decision makers
Q12: An externality is NOT:
A)an unintended impact on
Q13: A price change will NOT cause:
A)a change
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