Which of the following is an example of a positive externality?
a. Smoking a cigarette
b. Driving a less fuel efficient vehicle
c. Setting up a chemicals factory in a residential area
d. Overuse of chemical fertilizers
e. Beekeepers keeping bees for honey
e
You might also like to view...
Persons who die before age 65 or soon thereafter, receive little or nothing from their Social Security payroll tax payments. Which of the following groups is harmed the most by this attribute of the Social Security retirement system?
a. High-income workers. b. Hispanics. c. Heavy cigarette smokers. d. College graduates.
Which of the following is NOT a beneficial aspect of trade?
A. Someone who owns a good of relatively little value can trade it for something they value more. B. Trade frees people from the need to produce everything themselves. C. Trade allows people to specialize in whatever they do best. D. Trade eliminates the problem of scarcity.