A nonprofit organization landscaped the grounds of a building it occupies. This beautification improved the property values of the residences located across the street. This is an example of a(an) _____ externality.

Question

Quizplus · Accepted Answer

The scenario describes a positive externality because the actions of the nonprofit organization have a beneficial impact on the surrounding residences by increasing their property values.

A Nonprofit Organization Landscaped the Grounds of a Building It