Asked by
Lasheka Webber
on Nov 01, 2024Verified
A nonprofit organization landscaped the grounds of a building it occupies. This beautification improved the property values of the residences located across the street. This is an example of a(an) _____ externality.
A) nominal
B) positive
C) augmented
D) complement
Positive Externality
A benefit that affects someone who did not choose to incur that benefit, often related to economic activities.
Nominal
pertaining to names or terms, or representing values by names in certain contexts, such as nominal data in statistics which categorizes without a natural order.
Augmented
Enhanced or improved by adding features, components, or elements not originally present.
- Recognize the occurrence of free riders within the realm of public goods.
Verified Answer
AL
Learning Objectives
- Recognize the occurrence of free riders within the realm of public goods.