Air Pollution Generated by a Paper Mill Factory Is an Example

question 75

Multiple Choice

Air pollution generated by a paper mill factory is an example of a

• A)positive production externality.
• B)positive consumption externality.
• C)negative consumption externality.
• D)marginal external benefit.
• E)negative production externality.

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Definitions:

Interest Rates

The cost of borrowing money or the return on savings, typically expressed as a percentage.

Trade Surpluses

An economic condition that occurs when a country's exports exceed its imports over a certain period of time, indicating a positive balance of trade.

Inflation Rates

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Foreign Exchange Gain

A financial benefit resulting from changes in exchange rates, enhancing the value of foreign currency assets upon conversion.