Asked by
Agustin Palacios
on Nov 17, 2024Verified
Which of the following is an example of a positive externality?
A) Local high school teachers have pizza delivered every Friday for lunch.
B) Your neighbor plants a nice garden in front of his house.
C) An avid fisherman buys new fishing gear for his next fishing trip.
D) A local manufacturing plant pollutes a nearby stream.
Positive Externality
A beneficial effect experienced by a third-party or the society at large, as a result of an economic activity, that isn't reflected in the cost.
Garden
A planned space, usually outdoors, set aside for the display, cultivation, and enjoyment of plants and other forms of nature.
Pizza Delivered
A service where a pizza is prepared, baked, and brought to the customer's location by a restaurant or pizzeria.
- Explore the influence of positive and negative externalities on individual and societal costs and advantages.
Verified Answer
GP
Learning Objectives
- Explore the influence of positive and negative externalities on individual and societal costs and advantages.