What is the term for the benefit that your neighbour receives when you landscape your front yard?
A) a positive externality
B) an external cost
C) a social externality
D) social efficiency

Question

Quizplus · Accepted Answer

A positive externality occurs when a third party not involved in a transaction receives benefits from it. In this case, the neighbor benefits from the improved appearance of the landscaped front yard, even though they did not pay for it.

What Is the Term for the Benefit That Your Neighbour