An Example of a Negative Externality in Consumption Is

question 61

Multiple Choice

An example of a negative externality in consumption is

• A)A power plant's release of thermal pollution into a nearby river.
• B)A passenger on a train littering.
• C)A large cattle farm creating air pollution.
• D)You finishing college and contributing to society.

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Definitions:

Unfunded Mandates

Regulations or requirements imposed by higher levels of government without providing corresponding funds to cover the costs.

Block Grants

Funds provided by the federal government to state and local governments to support broad purposes with relatively few restrictions on how they are spent.

Cooperative Federalism

A concept of federalism in which national, state, and local governments interact cooperatively and collectively to solve common problems.

Federal Block Grants

Federal Block Grants are large sums of money given by the federal government to state or local authorities for general purposes within a broad subject area, allowing these entities the flexibility to allocate funds as they see fit.