Acid rain is an example of a classic:
A) positive production externality.
B) positive consumption externality.
C) negative production externality.
D) negative consumption externality.

Question

Quizplus · Accepted Answer

Acid rain is a result of pollutants being produced during the production process and then released into the atmosphere. This creates a negative production externality as the producer does not bear the full cost of their actions, and the negative impact is felt by others through damage to the environment and even human health.

Acid Rain Is an Example of a Classic