Josiah installed a metal sculpture in his front yard. A positive externality arises if the sculpture
a. increases the value of other properties in the neighborhood.
b. increases the value of Josiah's home
c. is visually unappealing to Josiah's neighbors.
d. creates a safety hazard for neighborhood children.
a
You might also like to view...
What is a shortcoming of price control legislation?
a. Price controls create surpluses. b. Price controls lower the quantity demanded. c. Price controls create shortages. d. All of the above are shortcomings of price controls.
Which of the following statements is false?
A) Japan is less dependent on foreign trade than is the United States. B) Imports and exports account for over one-half of the GDP of the Netherlands. C) China is the leading exporting country, accounting for 12.1 percent of total world exports. D) Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice, and corn crops.