Which of the following would be an example of an external benefit?
A) The government spends a million dollars on improving national parks.
B) A firm has just obtained permission to open a landfill site on property that is adjacent to your home.
C) More people start to ride the bus and as a result air pollution is reduced.
D) Firms are able to reduce their costs of production by using a more efficient technology.
Correct Answer:
Verified
Q1: Imperfect information on the part of buyers
Q3: Market failure is used to describe:
A) the
Q4: Relative to a competitively organised industry, a
Q5: As fees for higher education in Australia
Q6: Which of the following would be classified
Q7: Governments often subsidise goods and services that
Q8: Assume that the marginal cost of producing
Q9: Which of the following is not a
Q10: The free market fails to provide public
Q11: Which of the following is NOT a
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