Many beach-goers leave plastic bottles on beaches instead of putting them in trash cans. This is an example of a
A. public good.
B. positive externality.
C. negative externality.
D. neutral externality.
Answer: C
You might also like to view...
Which of the following best describes a command economy?
A) An economy that is characterized by barter trade of goods and services B) An economy where strong controls are imposed by the ruling authority C) An economy in which resources are allocated through the price mechanism. D) An economy in which there are a few privately owned firms
Which of the following statements is not correct?
a. Critics of advertising argue that firms advertise to manipulate consumers' tastes. b. Defenders of advertising argue that advertising provides valuable product information to consumers. c. An industry with many brand name products will be more competitive than one with many generic products. d. The willingness of a firm to spend a large amount of money on advertising can signal the quality of the product.
Suppose Alice sells a good for $60 on eBay. If the producer surplus from the sale is $25, Alice's cost of the good must have been:
A. $35. B. $25. C. $60. D. $85.
Recall the Application about the attempt to form a salt cartel in the 19th century to answer the following question(s).According to the Application, what created local salt monopolies in the early 19th century?
A. high transportation costs that prevented competition B. government regulation C. local labor unions in salt mines D. high taxes on salt that crossed state borders