Your upstairs neighbor is the first-chair violinist in the local symphony orchestra. Because you are very fond of violin music, you sit on your balcony each night to listen to her rehearse. In this case, your violin-playing neighbor is an example of a

A. public good.
B. good that imposes an external cost.
C. Pareto good.
D. good that provides an external benefit.

Answer: D

Economics

You might also like to view...

Explain the concept of "learning by doing" with respect to infant industry protection

What will be an ideal response?

Economics

The best example of a good sold in a monopolistically competitive market is

A) pizza. B) the local newspaper. C) sewer services. D) peaches.

Economics