An example that does NOT illustrate an external cost is:
A) the smoke nuisance of a factory.
B) zoning restrictions on your property.
C) land defilement from strip mining.
D) a spreading patch of weeds on your next-door neighbour's lawn.
Correct Answer:
Verified
Q5: Damage to the environment occurs because:
A)no one
Q6: Whenever human activity generates a concentration of
Q10: An industry with production that generates external
Q11: An externality is said to exist when:
A)
Q13: A market economy will produce _ without
Q15: The marginal social benefit of pollution:
A)is zero
Q16: Activities that generate external costs will likely
Q17: Which activity does NOT generate a negative
Q18: A coal-powered electrical generator that discharges smoke
Q20: The socially optimal amount of pollution occurs
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