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) neutral externality.
D) negative externality.
Answer: D
You might also like to view...
Which of the following statements is false?
A) An implicit cost is a nonmonetary opportunity cost. B) Economists consider all costs to be implicit costs. C) Economic costs include both accounting costs and implicit costs. D) An explicit cost is a cost that involves spending money.
Refer to Figure 9.7. After the policy was implemented, price became
A) $10. B) $30. C) $50. D) $70. E) between $50 and $70, but the price is uncertain because quantity can be any amount between 2000 and 4000.
Monopolistic competition is similar to perfect competition in that:
A. firms advertise in both cases. B. both entail the production of differentiated products. C. output is at minimum average total cost in both. D. long-run profits tend toward zero in both.
Which of the following would reduce the transaction costs of exchange?
A. legislation that prohibits the activities of middlemen B. government licensing of sellers C. increasing tariffs and quotas D. improvements in technology that make it easier to identify potential sellers