All of the following are examples of external cost EXCEPT:
A) smoke nuisance of a factory.
B) zoning restrictions on your property.
C) land defilement from strip mining.
D) weeds on your next-door neighbor's lawn.

Question

Quizplus · Accepted Answer

Zoning restrictions on your property do not involve any externalities. They are regulations imposed by the government on the use of your own property for the benefit of the community. The other options involve external costs, which are costs imposed on people or the environment by the actions of others.

All of the Following Are Examples of External Cost EXCEPT