Bad weather that results in the reduced size of a corn crop is an example of a negative externality.
Correct Answer:
Verified
Q200: Any time that pollution is created during
Q201: All externalities have negative consequences.
Q202: The term "spillover" is also referred to
Q203: The presence of externalities implies that the
Q204: For the Coase theorem to work, the
Q206: Optimal pollution levels are not zero, except
Q207: Zero pollution is always more socially optimal
Q208: The market fails when positive externalities exist
Q209: When a market transaction benefits people not
Q210: Market failure exists when too much or
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