If a business builds a park in a community,it creates a(n) _____ for community members.
A) social cost
B) positive externality
C) opportunity cost
D) negative variance

Question

Quizplus · Accepted Answer

Building a park in a community creates a positive externality, which is an economic term for a positive benefit that is enjoyed by third parties who are not directly involved in the market transaction. In this case, the business may not directly benefit from building the park, but the community members do.

If a Business Builds a Park in a Community,it Creates