Your upstairs neighbor is the first-chair violinist in the local symphony orchestra. Because you are very fond of violin music, you sit on your balcony each night to listen to her rehearse. In this case, your violin-playing neighbor is an example of a

Question

Quizplus · Accepted Answer

Your neighbor's violin playing is an example of a good that provides an external benefit because you derive enjoyment from listening to her rehearsals without directly paying for it or consuming a resource that would otherwise be used by someone else. This is known as a positive externality.

Your Upstairs Neighbor Is the First-Chair Violinist in the Local