An In the News article is titled "Dirty Air Can Shorten Your Life." The decrease in the length of human life is an example of

Question

Quizplus · Accepted Answer

The decrease in the length of human life due to dirty air is an external cost, meaning that it is a cost that is not directly borne by the person responsible for causing it (such as a polluting factory), but by society as a whole. It is a negative consequence of economic activity that is not reflected in the market price and is therefore one example of market failure.

An in the News Article Is Titled "Dirty Air Can