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An example of ________ is a power plant generating water pollution.

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An example of ________ is a power plant generating water pollution.

Question 1.

A cost or benefit resulting from some activity that is imposed or bestowed on third parties is

▸ a market failure.

▸ an externality.

▸ a public good.

▸ logrolling.

Question 2.

An example of ________ is a power plant generating water pollution.

▸ a positive production externality

▸ a negative production externality

▸ a public good

▸ the free-rider problem

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 69 times

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