Q11 An externality arises when one economic agent's actions affect the welfare of others inways that are not reflected in market prices. Which one of the following could be anexample of a positive consumption externality?Select one:Noise from a neighbouring household's music system.Smells from a nearby waste recycling centre.Protection from a measles epidemic through high take-up of vaccinations.Acid-rain damage to trees due to industrial carbon dioxide emissions.( Previous pageNext page >Ser

The indirect benefit or cost being caused to third parties mainly arising due to the effect of…

An externality arises when one economic agent's actions affect the welfare of others in ways that are not reflected in market prices. Which one of the following could be an example of a positive consumption externality? Select one: O Noise from a neighbouring household's music system. Smells from a nearby waste recycling centre. Protection from a measles epidemic through high take-up of vaccinations. Acid-rain damage to trees due to industrial carbon dioxide emissions.

An externality arises when one economic agent's actions affect the welfare of others in ways that are not reflected in market prices. Which one of the following could be an example of a positive consumption externality? Select one: O Noise from a neighbouring household's music system. Smells from a nearby waste recycling centre. Protection from a measles epidemic through high take-up of vaccinations. Acid-rain damage to trees due to industrial carbon dioxide emissions.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

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Q11

An externality arises when one economic agent's actions affect the welfare of others in
ways that are not reflected in market prices. Which one of the following could be an
example of a positive consumption externality?
Select one:
Noise from a neighbouring household's music system.
Smells from a nearby waste recycling centre.
Protection from a measles epidemic through high take-up of vaccinations.
Acid-rain damage to trees due to industrial carbon dioxide emissions.
( Previous page
Next page >
Ser

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