Does the following activity or event create an extemality? If it does, is it an external benefit or external cost and does it arise from production or consumption? An increase in the number of people who are studying for graduate degrees creates Airplanes taking off from LaGuardia Airport during the US. Open tennis tournament nearby create, A sunset over the Pacific Ocean creates OA an external cost arising from production; no externality OB. an external benefit arising from consumption; an external benefit arising from consumption OC. an external cost arising from consumption; no externality OD. an external benefit arising from production; an external benefit arising from consumption A person who wears strong perfume to class creates OA. an external benefit arising from production: an external cost arising from production OB. an external cost arising from consumption an external benefit arising from consumption an external cost arising from production: an external benefit arising from production OC. OD. an external benefit arising from consumption: an external cost arising from consumption

Does the following activity or event create an extemality? If it does, is it an external benefit or external cost and does it arise from production or consumption? An increase in the number of people who are studying for graduate degrees creates Airplanes taking off from LaGuardia Airport during the US. Open tennis tournament nearby create, A sunset over the Pacific Ocean creates OA an external cost arising from production; no externality OB. an external benefit arising from consumption; an external benefit arising from consumption OC. an external cost arising from consumption; no externality OD. an external benefit arising from production; an external benefit arising from consumption A person who wears strong perfume to class creates OA. an external benefit arising from production: an external cost arising from production OB. an external cost arising from consumption an external benefit arising from consumption an external cost arising from production: an external benefit arising from production OC. OD. an external benefit arising from consumption: an external cost arising from consumption

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 29
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An increase in globalization has lead to an increase in pollution, and this is a problem because pollution is seen to be the classic example of a This is a that individuals impose on others but do not pay for. O negative externality, cost O possitive externality, benefit O negative externality, benefit O possitive externality, cost
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Determine whether the actions below correct positive, negative externalities or neither: A. Correct neither B. Correct negative externalities C. Correct positive externalities 1. encourage activity in the market 2. Government investment in infrastructure 3. regulate the production and the externalities in the market