When we drive our cars, we get the ________ of transportation services, while others experience the detrimental effects such as pollution and congestion which environmental economists refer to as a(n) ________.

Question

Quizplus · Accepted Answer

When we drive our cars, we receive direct benefits of transportation services such as convenience and time-saving, while others experience the negative effects such as pollution and congestion which is a negative externality. Thus, the correct choice is C. Option A is incorrect as it is the opposite where positive externality refers to a beneficial impact on others. Option B is incorrect as it doesn't relate to the concept of externalities. Option D is incorrect as it describes a positive externality with opportunity cost which is not applicable in this scenario.

When We Drive Our Cars, We Get the ________ of Transportation