Which Activity Is Most Likely to Create a Positive Externality

question 89

Multiple Choice

Which activity is most likely to create a positive externality?

• A) You drive downtown each day.
• B) An oil refinery operates for 16 hours each day.
• C) A new airport is built in a big city.
• D) A person receives a flu shot.
• E) The government offers reduced-cost financing toward the purchase of a new car.

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Definitions:

Travel Time

The duration required to move from one location to another, which can vary based on mode of transport and conditions.

College Student

An individual enrolled in an institution of higher education to pursue an academic degree or certificate.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, calculated as the square root of the variance.

Normally Distributed

Describes a probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.