An example of a negative externality is
A) a chemical factory dumping waste in a river upstream from a popular fishing spot.
B) a chemical factory that enters a town and bids up wages, and, therefore, increases the cost of other firms.
C) a chemical factory producing fertilizers that kills plants, rather than help them as advertised.
D) a chemical factory producing fertilizers that do not, in fact, help plants grow.
E) a chemical factory that conducts research into the safe disposal if chemicals.
Correct Answer:
Verified
Q21: An increase in government spending
A) increases consumption,
Q22: The real wage is determined by
A) the
Q23: The concept of Pareto optimality is a
A)
Q24: Immunization from communicable diseases generate
A) overproduction.
B) a
Q25: A competitive equilibrium may fail to be
Q27: A Pareto optimum is a point that
A)
Q28: Much of the writings of Adam Smith
Q29: A competitive equilibrium has the following property:
A)
Q30: An externality is any activity for which
Q31: The presence of a distorting tax on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents