During 2009-2012, the U.S. federal government shut off the water supply to a huge section of farmland in the CaliforniaCentral Valley. The result was that tens of thousands of acres of good farmland have turned into desert land and manyfarmers went bankrupt. This is a good example of a positive externaility.True or FalseTrueFalse

Overflow expenses and advantages are called externalities. A negative externality happens when an…

Answered: ng 2009-2012, the U.S. federal…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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ng 2009-2012, the U.S. federal government shut off the water supply to a huge section of farmland in ral Valley. The result was that tens of thousands of acres of good farmland have turned into desert lan ers went bankrupt. This is a good example of a positive externaility. True or False