Which is an example of an external benefit?
A) You get a raise that increases your pay 20%.
B) Your neighbor's rooster wakes you up every morning before your alarm clock goes off, reducing the amount of sleep you get at night.
C) Researchers at Johnson & Johnson are working on a cure for cancer.
D) Your neighbors fix up their homes, which raises property values on the entire street.
Correct Answer:
Verified
Q103: A(n) _ subsidy is a subsidy on
Q104: In the presence of an external benefit,
Q105: Use the following to answer questions:
Figure: External
Q106: When external benefits are present in a
Q107: Which of the following statements is TRUE?
I.
Q109: In the case of an external benefit,
Q110: In the case of an external benefit,
Q111: When significant externalities exist:
I. the market equilibrium
Q112: Externalities are:
A) benefits received by people other
Q113: In the case of an external benefit,
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