Your new neighbor does not mow his lawn or prune the trees in his front yard. As a result, your house value decreases. Your neighbor generated
A) a negative externality.
B) a positive externality.
C) no externality.
D) a non-rival good.
A
Economics
You might also like to view...
A vehicle currency is:
a. contraband-it is used to smuggle other assets into controlled economies. b. a widely accepted, tradable currency that serves as a currency to use for buying or selling one's own. c. a currency whose value changes rapidly and erratically. d. a currency used to purchase imports of autos, buses, and other transportation equipment.
Economics
Explain the law of diminishing marginal utility. How does it relate to the shape of the demand curve?
What will be an ideal response?
Economics