An Example of a Negative Externality in Consumption Is

question 128

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.

Identify ideal paragraph length and techniques for dividing long paragraphs.

Recognize the importance of delivering bad news appropriately in a paragraph.

Grasp the added benefits of using precise words in writing.

Identify and use coherence devices effectively.

---

Definitions:

Backward-Bending

Refers to the portion of a labor supply curve that bends backward at higher wage levels, indicating a decrease in labor supply as wages increase beyond a certain point.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.

Income Effect

Shifts in economic or personal income and how these shifts influence the demand for certain goods or services.

Disparity of Income

The gap in income and wealth distribution among individuals or groups within a society, leading to economic inequality.