Which of the following are examples of negative externalities?A. Reduced spread of COVID-19 and other infectious diseases from people physically distancing and wearing masks. B. Unsightly oil rigs offshore from Santa Barbara, diminishing the quality of the view for beachgoers and coastal homeowners. C. Reduced incidence of the common flu stemming from more people obtaining flu shots during the Fall. D. Reduced crime rates stemming from rapid economic growth and reduced unemployment. E. High gas prices caused by rapid demand growth in China. F. Job losses associated with a factory closure in the United States, because a factory was opened in Mexico to replace it. G. Noise from traffic on a busy street. H. Light pollution from cities making it more difficult for observatories to view distant stars. I. Noise pollution eminating from windmills on the North Shore of Oahu. J. Pollution emissions from power plants.

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following are examples of negative externalities?

A. Reduced spread of COVID-19 and other infectious diseases from people physically distancing and wearing masks.
B. Unsightly oil rigs offshore from Santa Barbara, diminishing the quality of the view for beachgoers and coastal homeowners.
C. Reduced incidence of the common flu stemming from more people obtaining flu shots during the Fall.
D. Reduced crime rates stemming from rapid economic growth and reduced unemployment.
E. High gas prices caused by rapid demand growth in China.
F. Job losses associated with a factory closure in the United States, because a factory was opened in Mexico to replace it.
G. Noise from traffic on a busy street.
H. Light pollution from cities making it more difficult for observatories to view distant stars.
I. Noise pollution eminating from windmills on the North Shore of Oahu.
J. Pollution emissions from power plants.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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