Which of the following describes a situation with a negative externality?
A) When 10% more people get a flu shot, the incidence of the flu drops by 20%.
B) When the price of gasoline rises by 10%, the quantity sold drops by 8%.
C) The buyer of a skateboard falls when using it and is injured.
D) After a commercial poultry farm opens, neighbors on all sides complain of its smell.
Correct Answer:
Verified
Q11: Externalities tend to occur because decision makers
Q12: An externality is NOT:
A)an unintended impact on
Q13: A price change will NOT cause:
A)a change
Q14: Why is a price change NOT an
Q15: Which of the following statements supports the
Q17: Which of the following is a positive
Q18: What is the difference between a positive
Q19: Your personal best interest is based on
Q20: When your actions affect bystanders, then your
Q21: Marginal private cost is the:
A)the marginal cost
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