Which of the following is an example of an external benefit?
A. A company opens a slaughterhouse at the end of your street.
B. Firms are able to reduce their costs of production by using a more efficient technology.
C. The city spends $500,000 to upgrade the local jail.
D. More people start to install solar panels on their roofs, and as a result, electricity use goes down as does the pollution created by the generation of electricity.
Answer: D
Economics
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a. agriculture b. manufacturing c. services d. infrastructure e. none of the above
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A defined-benefit pension
A) determines benefits by contributions and their earnings. B) fixes benefits in advance. C) links benefits to investment performance. D) fixes benefits paid out for a limited number of years.
Economics