If a market exchange imposes costs on a party not involved in the transaction, the cost is called a
A) positive externality.
B) negative externality.
C) public good.
D) tragedy of the commons.
Correct Answer:
Verified
Q3: The live band that plays nearby makes
Q4: Which item is NOT an example of
Q5: If the Firecat charcoal factory is able
Q6: A college student can create a negative
Q7: Alex pays Dale to fix his roof.
Q9: If a negative externality exists in a
Q10: If a positive externality exists in a
Q11: A community college creates _ for a
Q12: Positive externalities arise when
A) the production of
Q13: Eliminating a smoking ban in public restaurants
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