Chicken production generally results in terrible odours that are carried by the wind to rural communities. This is an example of a ______________, with a result of ____________ of resources in chicken production. a. Negative externality, under-allocation b. Positive externality, over-allocation c. Positive externality, over-allocation d. Negative externality, , over-allocation For each of the alternatives, explain which one is correct and also explain which ones are false or uncertain.
Chicken production generally results in terrible odours that are carried by the wind to rural communities. This is an example of a ______________, with a result of ____________ of resources in chicken production. a. Negative externality, under-allocation b. Positive externality, over-allocation c. Positive externality, over-allocation d. Negative externality, , over-allocation For each of the alternatives, explain which one is correct and also explain which ones are false or uncertain.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Chicken production generally results in terrible odours that are carried by the wind to rural communities. This is an example of a ______________, with a result of ____________ of resources in chicken production.
a. Negative externality, under-allocation
b. Positive externality, over-allocation
c. Positive externality, over-allocation
d. Negative externality, , over-allocation
For each of the alternatives, explain which one is correct and also explain which ones are false or uncertain.
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