Which of the following is an example of a positive externality?
a. A local community planting 10,000 trees for green space renewal projects
b. A gold mine discharging arsenic into a natural lake
c. Excessive clear cutting of wood resources by logging companies
d. Increased levels of air pollution in neighborhoods near a football stadium
a
You might also like to view...
Representative commodity money retained its value because
A) it was an actual commodity. B) it was a fiat money. C) it was backed by the government. D) it could be exchanged for an actual commodity.
In which of the following ways is a monopolist different from a perfect competitor?
a. Average cost will continually drop as output expands. b. Price is above marginal revenue. c. Average total cost equals average fixed costs plus average variable costs. d. The demand curve for the industry has a negative slope.